UNI/USD Wyckoff Reversal
Possible Wyckoff reversal.
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Most people will not be pleased with this analysis. After such profits as 100-500% on altcoins, probably few people will believe it. The current situation on the markets is very bad. According to this analysis, we have completed wave (b) of correction from the bull market, which ended in 2017. We are now in wave (c). If so, altcoins will fall by 90%. Don't believe what the institutions say. If BTC does not maintain WMA 21, it is very likely that we are still in a bear market.
Hello folks! Theoretically, $UNI is looking like it wants to break up - if so, this move will be huge. Even so, you should also consider that these days are filled with fear and market needs fresh new money (which we all can see that they're missing). So, if we break up the descending line, the move will be massive and $UNI will be "unstoppable" (if there aren't any bad news). Keep in touch and stay safe, guys!
This is not financial advice!
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Using AAPL as ref -- don't see a daily close above $115 -- no new highs -- short-term-traders will close position to determine bottom of downtrend channel . Currently through wave C minor -- downward continuation confirms larger (major) wave cycle retrace.
Get liquid and buy back at a wicked discount. Looking at 0.5 fib to test.
Dabbing H&S - 240m & above - BTC , ETH, DJI, SPX , GOOGL , AAPL , NDX
"Market reaction to POTUS having COVID" is a load of __. This was going to happen. You can't redline into the price ceiling. HypervaluedAF. Fed buying up corp debt since March despite pandemic is a crutch 'bout to break.