I am just thinking, is it possible BTC could retrace all the way back up and reenter the TR to complete the LPSY aka bearish retest of a POTENTIAL rising wedge with declining volume. There are no guarantees but i am just thinking about it. It would make some sense as a new low was made, big, short squeeze back up and rejection and or new high with a UTAD perhaps and longs build then big dump, and a new low could be made at the 1.618 fib and that is where shorts could pile up and create the big reversal and spring in Wyckoff accumulation. Once again, I have no idea if BTC will continue to dump or what'll happen, but this is an idea I had.
Komentarz:
This idea could also still be in play.
Komentarz:
What i mean by that is price could rally all the way back up to the UT and possibly even slightly higher then it and bearishly retest the rising wedge and then dump. Just a thought
