On Wyckoff BTCUSD I expected a faster and sharper correction. Because of this context I envisioned a price move from 7800 to 6400 or less. But it didn't broke that level of support. That indicated that we were not on a sharp correction.
On that case, Wyckoff BTCUSD PART 2 try to elaborate on a longer correction, after the Downward stride was broken.
This suspicion implies that as the market is not regulated yet, the institutional campaign for crypto hegemony will try to hit money that joined market prior to November, so, they gonna bet another time against SC-selling climax, controlling price spread as they buy in.
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We got oversold on 1D chart. This means we may start a fail swing this next week with another leg down squeezing some longs.
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We did not squeezed enough longs for a bullish rally. Gonna focus on Wyckoff Part 3, the last crash.
I'll be pissed it the measurements and TA I posted in Feb for $6,200 in BTFD chat turns out right after I had abandoned it at 6.4k lol. It's actually pretty reasonable at this point. haha
Trassos
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@Techmology, They will always try to shake us out of any profitable narrative heh
Techmology
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@Trassos, In all honesty, anyone who trades and can be shaken out deserves it. Otherwise, if you believe in the asset, invest. If you don't don't. If you trade, be capable and responsible for your capacity to do so. I've done quite well for myself after losing tens of thousands of dollars learning as I went. I look at it like paying for higher education. If you screw off, you'll flunk out. If you work hard and make a life for yourself, that will also happen so long as you're intellectually capable. Someone has to lose money for someone to make money. It's that simple. I'm not a loser. I behave like a winner to win.
Techmology
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@Trassos, Given the opportunity, I'd shake out weak hands as well. Weak hands are literally the direct conduit that allows me to pay my bills today and live my dreams. I'll help anyone that has a true desire to learn how to achieve their dreams in the markets. But at the end of the day, the exchange is a war zone. I will win as many of those battles as I possibly can.
Krauser
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Hi, very new to Wyckoff, but should not we expect a spring lower than the SC or it is not a rule?
Trassos
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@Krauser, I'm still waiting for a move down mid june.
majorlee
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nailing it bud, nice work
majorlee
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Comment: We did not squeezed enough longs for a bullish rally. Gonna focus on Wyckoff Part 3, the last crash.
yeah down a few legs, will be a lot of support but look forward to the better positions and of course.....MAOR squeezes