Look at the emotional reaction in the market after the lowest close we’ve had this market cycle. This isn’t the fear event that will take us lower. This is market manipulation at its finest. Wyckoff is still on the table. A close above $18,800 will confirm that yesterday’s close is part of the “spring” we are looking for. This will also engulf the yesterday’s candle body which would be bullish. Everything looks very calculated to me so I’m still leaning towards whale manipulation over retail fear right now.
For more thoughts and detail check this link if you wish: https://www.cryptoinfluencers.com/videos/e72b000c-0b6c-456b-8426-b4cf74d21d71
submitted by /u/calvinweight to r/BitcoinMarkets
[link] [comments]