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