Wyckoff Method Part 2: Cryptocurrency and Bitcoin are likely to make you rich very quickly | Author: Razvan Tomegea | The Capital | June 2021


Wyckoff accumulation, stage B.

BTC 1D Heikin Ashi chart on TradingView

Originally posted on Lifemaniacs.com

I Post an article Last week, it was stated that Bitcoin is about to be revised within the range of 25K-30K. It seems I am right. Bitcoin fell to 29K, followed by the crypto market.

Of course, as you can see in the chart, I bought Bitcoin at 29K and later 34K. I also bought ETH at a price of 1.9K.

Buying Bitcoin at 34K is a mistake, because at first I thought we were in Stage C of Wyckoff Cumulative Diagram. However, a closer analysis of the chart shows that we are likely-uncertain-in Phase B.

In my previous article, I said that we are about to end Wyckoff distribution diagram, It seems that we did it, maybe earlier than I saw. We can easily see that the Wyckoff cumulative diagram has begun, and we are in the middle of it.

If you are not familiar Wyckoff method, Read mine Previous Or go directly source.

source

The figure above shows a schematic diagram of Wyckoff’s accumulation and its stages. As you can see at the beginning of the article, I applied this diagram to the daily Bitcoin chart, and it seems that we are in stage B in ST.

Of course, I may be wrong, we may be in stage C, but it is better to prepare another bull market trap at 40K and then fall at 27k-bear market trap.

I think Bitcoin will follow the arrows drawn in the chart. I might sell again at the next 40K and wait for Bitcoin to either break through 43K or fall back to 30K.

I am almost certain Bitcoin – and the market – will reach 100,000 by the end of this yearTherefore, the bear market will not come until 2022.

Now, I can’t recommend and advise you to do anything with your money, because I am not a financial consultant. I can recommend Prepare for any scene. Nothing is certain, only possible.

If you want to teach yourself in the crypto market, I suggest you read My article On this topic.You will find some there Useful research tools This helped me a lot.

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