BTC watchparty: sub 40K?
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All eyes on Tokyo and Hong Kong tonight! Will they throw the final punch by dropping Bitcoin below 40K? New York has set up the move, exactly like I described in my latest idea on the crypto market makers and the wyckoff scheme on the total crypto cap; a short squeeze and a fast drop right at the start of the Asian session.
Right now we are still in the chop zone and as said we will have to wait for Tokyo and Hong Kong to possibly set up a stop hunt rise and a continuation or we'll see a chop into Friday's EU session. A drop towards the rekt zone will be devastating for the whole market and I expect heavy capitulation there - especially if the traditional markets keep correcting - which I have warned for - has only just started. I don't expect much support in the 30 - 40K zone and I won't be surprised to see a sub 30K bitcoin this year...
On a side note, I checked the crypto news which was irrationally bullish (bad sign) and Michael Saylor's face in an interview today. I saw someone who pulled his poker face, sitting in an oversized desk chair at a fancy desk with some gold ornaments in a picture that should have represented "wealth and strength" - I rather saw a man with sweaty hands, bluffing his way out his problems. Funnily enough I talked about him in my analysis earlier today and what I assumed there is what I saw today; a man with stress, a man with drying up margins like morning snow on a sunny spring day.
But yes indeed, we (not all) will make it and will be ready to shoot at the bottom. Happy 2022!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Right now we are still in the chop zone and as said we will have to wait for Tokyo and Hong Kong to possibly set up a stop hunt rise and a continuation or we'll see a chop into Friday's EU session. A drop towards the rekt zone will be devastating for the whole market and I expect heavy capitulation there - especially if the traditional markets keep correcting - which I have warned for - has only just started. I don't expect much support in the 30 - 40K zone and I won't be surprised to see a sub 30K bitcoin this year...
On a side note, I checked the crypto news which was irrationally bullish (bad sign) and Michael Saylor's face in an interview today. I saw someone who pulled his poker face, sitting in an oversized desk chair at a fancy desk with some gold ornaments in a picture that should have represented "wealth and strength" - I rather saw a man with sweaty hands, bluffing his way out his problems. Funnily enough I talked about him in my analysis earlier today and what I assumed there is what I saw today; a man with stress, a man with drying up margins like morning snow on a sunny spring day.
But yes indeed, we (not all) will make it and will be ready to shoot at the bottom. Happy 2022!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
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Wyckoff scheme S&P500
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Wyckoff scheme total cryptocap
Thats it, you got all my info, good luck!
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Getting in the first target zone around 37,5K, it needs to hold there or it will dump further into oblivion towards the 35K zone. This range already has been traded heavily so no need for market makers to fool around.They're collecting long liquidations and they still don't want to buy your coins here. EU stock markets look terrible.
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
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