Hello Watchers ☕
This was my previous Bitcoin update where I had a target of $116K, and also then closed all open positions at $122K:
I'm calling the top here mainly because of the way the chart looks, it really is classic Wyckoff if you look at the duration of the current bullish cycle, which has lasted a whole 973 Days with a 564% increase. What goes up, must come down!
Just for interest sake, the previous bullish cycle ran for 600 days with a 700% increase.
This was my previous Bitcoin update where I had a target of $116K, and also then closed all open positions at $122K:
I'm calling the top here mainly because of the way the chart looks, it really is classic Wyckoff if you look at the duration of the current bullish cycle, which has lasted a whole 973 Days with a 564% increase. What goes up, must come down!
Just for interest sake, the previous bullish cycle ran for 600 days with a 700% increase.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.