SellBitcoins

Bitcoin Wyckoff - Easy trade this one

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COINBASE:BTCUSD   Bitcoin
Do people even read this stuff? Apparently tradingview "encourages" users to strongly provide more detail in posts. I feel like the chart itself explains everything.

So ugh, we had some last point of supplies and using pnf targets, we have around 12 columns (not seen in chart) of $500 which equals $6000. So from roughly $70,000 we add +6000 for a target of around $76,000 (plus or minus $1000).

From there I don't expect us to go higher without some "reaccumulation". How that look will be another story, an aggressive upwards/downwards, or a classic flat one. The timing of it seems to be aligned with the "halving" which could cause a sell the news event ideally breaking 60k, but this is way too early for that.

For now, easy long to 76k. See you there.

Comentário:
Stop loss at 66k.
Trade fechado manualmente:
Not gonna lie, doesn't look good despite not hitting my stop loss yet. Feels like a little too much weakness to me. I'm gonna close here at 69k for breakeven.

Always another opportunity, as long as you're not broke!
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