Well, if you are not aware of how we got played by insitutional players and whales by now, this is for you.
Currently we are in wycoff distribution phase E as the top formation. I know we are going to 100k, but not with a straight line and probably not this year. Since we are in Phase E of wycoff distribution, we will need to go down and complete it, following a markdown and accumulation as indicated by the wycoff price cycle in my screenshots below.
So, after distribution at the top comes the markdown and then the accumulation at bottom. I have drawn 3 scenarios for this bottom accumulation phase. According to this analysis, here are my bottom targets:
Best case: 19k
There will be no markdown and accumulation starts right away, down to 19k. I find this unlikely because accumulation and distribution will overlap, without any mark down. Whales will need more.
snipboard.io/2BeEnZ.jpg
Moderate Case: 13-14k
Still no markdown, but also no overlap. Accumulation starts at 20k and price will go futher down to 13-14k range. I bet whales want more.
snipboard.io/LnUOIg.jpg
Worst Case: 10k
Current top distribution completes at 20k. After a 1-2 week mark down, accumulation begins at 16k, going futher down as low as 10k. I find this to be desirable by the composite man (whales) as they would have screwed every single bitcoiner in the market but themselves. Yeah, they will want this.
snipboard.io/Xo7rq8.jpg
Stop playing the victim and start acting like the "composite man" meaning the whales.
Read more here:
school.stockcha...ts.com/doku.php?id=market_...
In case you havent watched the uncomplication, who pointed wycoff back in April:
Be safe.
Currently we are in wycoff distribution phase E as the top formation. I know we are going to 100k, but not with a straight line and probably not this year. Since we are in Phase E of wycoff distribution, we will need to go down and complete it, following a markdown and accumulation as indicated by the wycoff price cycle in my screenshots below.
So, after distribution at the top comes the markdown and then the accumulation at bottom. I have drawn 3 scenarios for this bottom accumulation phase. According to this analysis, here are my bottom targets:
Best case: 19k
There will be no markdown and accumulation starts right away, down to 19k. I find this unlikely because accumulation and distribution will overlap, without any mark down. Whales will need more.
snipboard.io/2BeEnZ.jpg
Moderate Case: 13-14k
Still no markdown, but also no overlap. Accumulation starts at 20k and price will go futher down to 13-14k range. I bet whales want more.
snipboard.io/LnUOIg.jpg
Worst Case: 10k
Current top distribution completes at 20k. After a 1-2 week mark down, accumulation begins at 16k, going futher down as low as 10k. I find this to be desirable by the composite man (whales) as they would have screwed every single bitcoiner in the market but themselves. Yeah, they will want this.
snipboard.io/Xo7rq8.jpg
Stop playing the victim and start acting like the "composite man" meaning the whales.
Read more here:
school.stockcha...ts.com/doku.php?id=market_...
In case you havent watched the uncomplication, who pointed wycoff back in April:
- Original video in April www.youtube.com/watch?v=Lhf_2gJJ...
- Update www.youtube.com/watch?v=DJOzWfsM...
Be safe.
Commento:
Checkout my updated analysis here
Commento:
