Today I happened to come across a technical analysis of a very large channel in this crypto field. I would like to not mention the name because I do not want to cause war, put down or step on others to lift myself up. But I am here with the sole purpose of warning you about putting too much trust in KOLs or big GROUPS.
They said that based on WyckOff's pattern, there will be a pullback phase of about 47k - 50k in phase C before increasing. (illustration below).
I checked because I really don't understand how they analyzed it and now they still say they will pull back to phase C at the bottom of the accumulation model. Because if they pull back from here, it will be a 30% decrease. If you look at the picture I drew, you will understand that if it flies 30% from this point, it's not ALT SS or BTC going to the moon.
“Goodbye BTC, after crying, I will put your poster in the corner, let's not look at each other for now. Every time I see you, I'm afraid it will make my heart hurt more. I don't know if I can overcome this shock. I waited for you for half a year, only to receive such bitter fruit.”
So I have redrawn the WyckOff model for you to compare easily (picture below). Personally, I think all the accumulation phases have been completed, and now it is a retest before the uptrend. "Retesting means that it is completely possible to reduce the price by a few thousand from the 69k area, but when it reaches 50k then ...."
In short, in this market, you should only read for reference (including the article I wrote), then filter data and information to make your own decisions. If you just put your trust in them because they are famous KOLs, big GROUPs, when it increases, you will fomo to the top because you are waiting for the price to drop to 47k to buy goods 🥲
Wish you all success this season, 🧑🏼🔧
