However, the long term looks like a Distribution Wyckoff, so | The Green Investor on Binance Square

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Bearish

However, the long term looks like a Distribution Wyckoff, so it's bearish. 

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The nice number, 69% 👀

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Good morning! Well then, unfortunately the price didn't reach the 102k; it stopped at 100k then fell steeply all the way to 95k. Ever since this happened, the chart now looks like a Wyckoff structure, which is drawn below. Since we are in the middle of this hypothetical Wyckoff, it's not the best moment to buy nor to sell; it's a moment to wait! Trading Bulls can long at Wyckoff's ICE at 92k, or wait for a spring let's say, at 89k. Trading Bears can wait for an Uptrust (UT) that will likely reach the 102k's trendline. Right now, the market is in the middle, so no operation is favorable over the other. Right now, the Wyckoff is still in Phase B, so it's not clear whether it will be a Reaccumulation or a Redistribution.

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Merry Christmas! So far, so good! I stand for yesterday's analysis, just make sure to work with SL since today is Christmas day and sometimes, due to a lower liquidity, crazy movements happen. Right now, I would rather long than short. However, I advise to hold no big positions today, as it's Christmas and it's better not to stress too much out about the market. Make sure to enjoy Christmas with those we love and cherish. Take a little break from market stress, friends! This will be my only post for today, now I'll get to go and enjoy with my family as well ☕ Take care out there folks! ~ Mr. Green ☘️

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It's in the analysis. I'd long if 97k, SL at 95k; I'd short at 102k, SL at 104k.

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$BTC has pumped, generating a Change of Character and a Breaker Block. Below is my analysis of the likely next steps. There's another post showing a more macro view in my profile as well. With these analyses, I believe the correction is not yet over. Don't worry, however, as in case something changes and invalidates this analysis, I'll share a new one with y'all. Stay tuned for more!

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