Quote from: Franctoshi on May 10, 2022, 10:30:34 AM

Quote from: ImThour on May 10, 2022, 01:53:56 AM

Sad how people reacted when I said BTC will be the best buy at realized price i.e. $24.5k which also is 200 WMA.

What my exactly expected 2nd target for this dumb to take place is ($28k-$25k), and ($30k) already played out before we get the final draw down. If the institutional and wyckoff schematic accumulation pattern should play in this cycle, I think most retail traders would think that $28k-$25k is indeed going to be the bottom, and eventually there comes the smart money guys to grab all those liquidity and we get a nice retest of the previous ATH.

so the wyckoff schematic accumulation pattern is going to be a 3 legs down from here in View,
1. One already happened the 30k) we just dumb down to
2. Second Would be ($28k-$25k) before we finally get an
3. Unbelievable Smart money concept crush down to ($20k-$19.45k).
These are very critical level to watch in my View.

My price target was perfectly reached and my Bitcoin orders got triggered immediately at the exact price of 25k during this dump and this is the importance of technical analysis, However ,I'm still waiting and looking forward to seeing my next Bitcoin price target to possibly reach , because I think the dump isn't yet over and we could reach 19.4k looking at the extended ( W) pattern I'm seeing bellow the $24.5k dumped using the dialy time frame and which BTC needs to touch the neck of that extended (W) formation to complete the pattern.