Technical analysis by SwissMail about Symbol BTC: Buy recommendation (1/15/2022)

- Based on altcoin dominances indicating risk-on activities I believe we're not in a bear market- So we're just retracing but why is the chart so bearish?- Wyckoff 3.0 - everybody is too smartass these days buying the dip - look at open interest and funding rates- Make this dip look extra bearish by: breaking ema's, key fibs and major trendlines to get them to finally sell- We're approaching this time - just bearish enough that everyone is selling but still within reach of recapturing the major uptrend by breaking out the massive descending wedge- Momentum indicators also pointing toward this happening within the next 10 days but the trends would suggest sooner imo before it is too far gone to repaint a bullish picture for this cycleWhat's next? a 20% move up on corn and dominance recovery (all that money stashed up in alts will help squeeze many bears)What's the likelyhood? I'm going with 70% and managing exposure accordingly - if it fails the next dip will be substantialAaaaan we have a breakout!!Well shit...that fakeout had me...at this point holding spot positions and looking for the next setup