BitcoinTelah dikemas kini BTC made friends with 3D 200MA
This BTC chart includes a distribution schematic for Wyckoff events and phases…
🔮 Expecting 1/2 scenarios to play out.
Scenario 1
200MA holds and we a see a strong move upwards to confirm continuation.
Scenario 2
200MA fails as support and we test liquidity below. This can be quick or sustained throughout 2022. Price action around
25K range will be interesting.
- Price failed to breakdown support in Phase D then began to develop additional support at the 200MA. Nice.
- The schematic may not be 100% accurate when it comes to placement levels and timing of phases but this correlation is interesting and worth watching.
🔮 Expecting 1/2 scenarios to play out.
Scenario 1
200MA holds and we a see a strong move upwards to confirm continuation.
Scenario 2
200MA fails as support and we test liquidity below. This can be quick or sustained throughout 2022. Price action around
25K range will be interesting.Nota
Zoomed out version includes phasesNota
🧠 Scenario 2 seems practical. "Reclaiming" as opposed to "found support at" the 200MA makes a better story for bullish continuation.Also, institutions may feel more confident to invest during the familiar "smart money' phase if Scenario 2 plays out.
Nota
This played out well
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.