Bitcoin back to 8.6k range imminent?
Hi guys,
possible scenario: this is starting to look like Wyckoff Distribution Schematic #2 where I think we are heading down south for another leg back to our previous support
at around 8.6k range for Phase E, however the overall picture on the higher timeframes are still not that bearish... definitely with the Stocks market (Nasdaq mainly) leading the pack and going up
can't be too bearish on things overall, which is also valid for Bitcoin as some of that printed FED money surely has to go into Bitcoin as well
but in the more short term timeframe, still expecting another leg down for now
want to hear and follow more TA? join me daily on Youtube Live or Facebook Live @ 7.30 PM (UTC+8) @ The Dang Oracle
Ciao bellas
-Ryu
#stayhome #staysafe #staycovidfree
possible scenario: this is starting to look like Wyckoff Distribution Schematic #2 where I think we are heading down south for another leg back to our previous support
at around 8.6k range for Phase E, however the overall picture on the higher timeframes are still not that bearish... definitely with the Stocks market (Nasdaq mainly) leading the pack and going up
can't be too bearish on things overall, which is also valid for Bitcoin as some of that printed FED money surely has to go into Bitcoin as well
but in the more short term timeframe, still expecting another leg down for now
want to hear and follow more TA? join me daily on Youtube Live or Facebook Live @ 7.30 PM (UTC+8) @ The Dang Oracle
Ciao bellas
-Ryu
#stayhome #staysafe #staycovidfree
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