BTC triangle + Wyckoff
If we are following Wyckoffs' accumulation sceme, we are somewhere in "Phase C" and "Spring" is incoming (leading us down to 5800-6000) OR it has already been "Spring" (at 6100).
Bitcoin short-term High target is 8000.
Then we can expect a few pull-backs to some 6000-7000 (Wyckoffs' Test).
This kind of triangles usually break out UP or DOWN in the 3d quarter.
According to current setup AND following Wyckoffs' accumulation sceme we may expect a break out UPWARDS ("Sign of Strength") which will mean the beginning of the new Supercycle.
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You can join my free TG channel for more updates t.me/capitan_diman
Bitcoin short-term High target is 8000.
Then we can expect a few pull-backs to some 6000-7000 (Wyckoffs' Test).
This kind of triangles usually break out UP or DOWN in the 3d quarter.
According to current setup AND following Wyckoffs' accumulation sceme we may expect a break out UPWARDS ("Sign of Strength") which will mean the beginning of the new Supercycle.
---------------------------------------------------------
You can join my free TG channel for more updates t.me/capitan_diman
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.