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My previous btcusd analysis is still valid. Bitcoin' continues to consolidate as the market looks for direction, however are buyers drying up? The current pattern and price action may hold the clues and it may be prime for a market short raid.
The initial rally off from caught a lot of shorts by surprise, however, it appears that momentum is stalling, and perhaps starting to show some I think we will see a lot of liquidations tomorrow on Bitfinex because of the downtime and the closing of the symmetrical triangle.
Last day we have small changes in moving of price so today I will keep all you continuing update the next way of Bitcoin.
I was about to cover something else regarding Wyckoff but the video was coming to an end. I'll begin where I left off in another video. I'm about to begin creating that video shortly after I publish this one. Please take a moment to click "Like" if this is helpful to you. Retail is labeling Bitcoin BTC as an inverse head and shoulders right now. Please do not be fooled by these gurus that are not knowledgeable in this craft. An inverse head and shoulders is simply a break and retest of your break on your HTF not some magical pattern that makes you money.
That being said it is possible this "pattern" fulfills due This is a continuation of the previous video to explain WHY I believe we still have further to go up for our Automatic Rally. I hope this is helpful. If you find it helpful, please take a moment to click "Like. David Bitcoin from to Present using Wyckoff I've been doing a lot of posting on alts, but with BTC showing some weakness I wanted to show you my take on Bitcoin's current status. Many people have been calling for a full out bull run and it is true that the alts have been rebounding.
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