$BTC Detailed Update 📈📉
I'm going to show 3 scenario's.
"So we go up, down or sideways?" well, we obviously get signs to tell us which scenario it's going to be before it fully plays out. We can then anticipate on those.
1/x
I'm going to show 3 scenario's.
"So we go up, down or sideways?" well, we obviously get signs to tell us which scenario it's going to be before it fully plays out. We can then anticipate on those.
1/x
🔹Scenario 1 📈
This is basically the idea I showed yesterday about the Wyckoff accumulation WITHOUT spring. If this were to happen, especially during the weekend, I expect a lot of people to be left behind. More about that later.
2/x
This is basically the idea I showed yesterday about the Wyckoff accumulation WITHOUT spring. If this were to happen, especially during the weekend, I expect a lot of people to be left behind. More about that later.
https://twitter.com/DaanCrypto/status/1398578848309157893
2/x
🔹Scenario 2 📉📈
The Wyckoff accumulation WITH a spring. That thread I made yesterday got bombarded with people thinking we MUST have this spring. Just because of that it makes me doubt we even get this. Time will tell.
3/x
The Wyckoff accumulation WITH a spring. That thread I made yesterday got bombarded with people thinking we MUST have this spring. Just because of that it makes me doubt we even get this. Time will tell.
3/x
If price were to go below yesterday's lows at <$33K I reckon we do go for the lows and try to make the spring.
Key is then, to sweep the $30K lows and quickly bounce back. If we start trading below $30K for a while without any sign of a bounce we might go for Scenario 3.
4/x
Key is then, to sweep the $30K lows and quickly bounce back. If we start trading below $30K for a while without any sign of a bounce we might go for Scenario 3.
4/x
🔹Scenario 3 📉
Where we really go test some lower levels like $20-23K. Atm, I doubt this will happen because of the reasons i've already mentioned plenty of times (See tweet). But it's always something we got to keep in the back of our minds.
5/x
Where we really go test some lower levels like $20-23K. Atm, I doubt this will happen because of the reasons i've already mentioned plenty of times (See tweet). But it's always something we got to keep in the back of our minds.
https://twitter.com/DaanCrypto/status/1396094445725093889
5/x
I'm ready to flip towards this bias if we do find acceptance below 28-30K and show weakness. I'd then hedge up and buy back once we retake the 30K level or bounce from 20-23K. This way you only miss out on a tiny profit while protecting yourself from a lot of downside risk.
6/x
6/x
Having said all that, IF price were to take off here, that'd be amazing timing in my opinion. That would leave behind:
1. People waiting for 30K.
2. People bearish in general and waiting for lower than 30K.
3. If during the weekend, people waiting for the "CME Gap" to fill.
7/x
1. People waiting for 30K.
2. People bearish in general and waiting for lower than 30K.
3. If during the weekend, people waiting for the "CME Gap" to fill.
7/x
If I was a whale, and just accumulated a ton of $BTC, that'd be a great scenario where all these people either keep getting short squeezed or will fomo in to pump your bags higher up. All while you can still accumulate on the way up into their sells.
8/x
8/x
Once again, we'll first need invalidation of Scenario 1 and 2 for Scenario 3 to even be on the radar.
In the end, accumulation, if that's what this is, takes as long as needed for people to fill their bags. This can take days, weeks or months.
9/x
In the end, accumulation, if that's what this is, takes as long as needed for people to fill their bags. This can take days, weeks or months.
9/x
That's it for now. Next week will be interesting. If spot markets start bidding up the price. I think we will make our way towards 42-43K quickly. Price could still come down after that so we'll have to reassess from there.👍
10/x
10/x
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