Disclaimer... not an investing/trading recommendation This is not a time oriented analysis, although last 2 times whales took 5 to 7 days to reaccumualte the pathway of price action as mentioned is not a projection based on TA, rather, a mimic of the textbook wyckoff reaccumualtion schematics... the markup target can only be calculated accurately , on completio of the Last point of support in Phase D of wyckoff schematics for now, the 9.9k target has been mentioned on the basis if old point and figure analysis which is linked here in this chart
copied factrals from the previous reaccumualtion, fits the present chematics very well.. will be interesting !
Commento
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current target is recalculated in point and figure chart... target is almost same as the provisional target... here is the link t the chart... invst.ly/795j-
@Sandipan.mch, it's a good target. next resistance starts there. This is confirmed by Bitfinex orderbook. Also, I recommended our operator friends to take the price up there before a pullback to 9.2k broken resistance to confirm it as a support. Hope they listen to my advice.
Poor TAs who don't know Wyckoff, and were expecting a pullback because of their EW theory. They don't consider operators plan and how they need to change the market sentiment before allowing a pullback.
cI8DH
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sandipan.mch, cool profile pic, but not better than mine :P
This chart is suuuuuuuuupar. I hope it goes that way. I still have a lot of Fiat. Waiting for re-entry. My overlay chart, which I thought was terminated a while ago, is back almost on track. Not good at all, no pullback before break up. I want to reload :P
UnknownUnicorn754444
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Pro Chartt by Pro Trader is what really makes my day. Well done!
capsule91
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@Enthusiast, thank you sir..! hope it plays out for us!
Poor TAs who don't know Wyckoff, and were expecting a pullback because of their EW theory. They don't consider operators plan and how they need to change the market sentiment before allowing a pullback.