BTC WYCKOFF ACCUMILATION / RE-DISTRIBUTION
Here we have a clear range from the dump, i would pick this to be more of an accumulation based on all the buying activity - but waiting for a clear sign to buy in again.
i would be very careful shorting any ALTS atm, as at any time BTC moves sideways or UP, alts could extremely rip.
as you you can see the options here of what price can do in this range. if its re-distribution, then we can head to 21 or 14k based on bib levels from last swing low on the monthly. will also show photo for clarity.
all the best guys.
i would be very careful shorting any ALTS atm, as at any time BTC moves sideways or UP, alts could extremely rip.
as you you can see the options here of what price can do in this range. if its re-distribution, then we can head to 21 or 14k based on bib levels from last swing low on the monthly. will also show photo for clarity.
all the best guys.
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DUM POUT OF RANGE TO RETRACE TO THESE LEVELS
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NEW UPDATE ON SPRING IF IT BOUNCES
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looking good so far.. still not ruling out re-dist
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If we fall back into range then i would be closing my Long at 50% way point in this Range. I will then look at the H4 for the same Accumulation pattern which at this point is Phase A
