As we accurately predicted earlier, Bitcoin saw a false top (UTAD) after October 18 at the 69,500 level, which was successfully predicted. This reversal comes as Bitcoin is currently entering phase D of the Wyckoff pattern. If this scenario continues, we could see a bigger correction in the coming days. In this analysis, we will provide a comprehensive view of what could happen based on the Wyckoff pattern and Gann angles, reminding that November 17 could be the beginning of a major acceleration.
🧐 Detailed analysis:
1. Wyckoff Model 98% - Hourly Frame:
Bitcoin is confirmed to have entered Phase D after UTAD formed at 69,500.
If the price closes daily below 68,800, the first target will be 64,450, which is a strong support level according to Gann angles and is considered a Sow - LPsy formation stage.
2. Gann Angles - Next Support:
The 64,450 level coincides with critical price angles, making it a potential rebound point.
If we lose this level, Bitcoin may head towards the 61,250 - 60,850 area which intersects the 90° angle in the Gann square, which is the strongest retracement angle.
3. Quantitative Liquidation - Critical Buying Area:
There is a critical liquidation point at 61,640, which could lead to a massive liquidation of high leverage.
The 61,250 - 60,850 area represents a strong buying opportunity, with the potential for a significant bounce.
4. 🗓️ Expected time acceleration - November 17:
Based on the time analysis, Bitcoin is expected to start accelerating from November 17.
This period may witness a sharp movement in the market, to rise towards $81,000.
Conclusion:
📉 If the 68,800 level is broken, the next targets will be 64,450 and 61,250 - 60,850. These areas are based on Gann angles and quantitative analysis of liquidation, which makes them strong rebound points. In addition, we expect November 17 to be the beginning of a sharp acceleration in the market, so be ready to follow and make the right decisions
🔑 Will you be a survivor?
To verify the accuracy of my analysis, which is over 98% in terms of timing and price, you can refer to previous posts.
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