ARK/BTC Possible Wyckoff Accumulation Schematic
ARK/BTC looks like it is close to finishing the accumulation phase.
Right now it is struggling at resistance (red box), due to overall weakness in the market.
I think we will have to wait for some relieve in BTC, in order to push through, see the signs of strength (SOS) and complete Phase D of this schematic.
I am expecting this to happen over the next 1-2 month.
Once we break resistance (red box) and retest it (successfully), I am looking for long positions.
Let me know what you think!
I am always happy to discuss my ideas :)
Right now it is struggling at resistance (red box), due to overall weakness in the market.
I think we will have to wait for some relieve in BTC, in order to push through, see the signs of strength (SOS) and complete Phase D of this schematic.
I am expecting this to happen over the next 1-2 month.
Once we break resistance (red box) and retest it (successfully), I am looking for long positions.
Let me know what you think!
I am always happy to discuss my ideas :)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.