As crypto markets have been choppy and hard to navigate in the last months I’ve decided to share my market thoughts. Which hopefully will help people understand the market a bit better @FlashTrade_
No matter how hard you are printing, how much you are making.
There is going to be someone on here making more, there are levels to the game.
Don't get discouraged, it's you vs you.
Keep clicking.
I hope this thread will help you understand the market conditions better and avoid getting more chopped. Imo the real bull has not begun yet and this is just a shakeout before the real run-up. So enjoy the summer and look for strength back into the market. https://t.co/KN8e4CSOyg
For returning risk on after the Phase E dump i would use another Wyckoff schematic but for accumulation this time. Waiting for a confirmation of accumulation and buying into strength once we see signs of upward momentum but on lower time frames than daily.
Significant drops from ranges like these often take a lot of time to form, especially in summer where there is lower volume and volatility in the market, so imo we have to stay patient and see signs of accumulation.
As we can see on the liquidity heatmap there is still a lot of liquidity to be grabbed on the downside. So my 2nd plan would be if 56.5k breaks and phase E in the Wyckoff schematic begins I would again instead of trying to knife catch rather buy into strength.
But imo this seems very unlikely. BTC still looks very weak and these 2 last daily candles seem like we are rejecting and phase E in the distribution schematic in starting.
As crypto markets have been choppy and hard to navigate in the last months I’ve decided to share my market thoughts. Which hopefully will help people understand the market a bit better @FlashTrade_