Bitcoin Wyckoff accumulation, 3 possible paths.

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Yorum:

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6hr volume breakout with a tight candle is a good signal, but the LPS in this case is 6450, and thats below the trendline/triangle, not a good spot.

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It reached the LPS and with lots of sell volume, will look for a spring below 6k, remember that 6k is the previous volume stop
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long term trend tested + descending wedge, might bounce here, but im not sure if its gonna last.

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zoomed out
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btc failed and now is looking weak, capitulation soon
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s3.amazonaws.com/tra...shots/y/YRmt66Jk.png daily bear flag in progress

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s3.amazonaws.com/tra...shots/0/0yRJCh7V.png ready to go 5.5-5.8k range

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patience is key :), not buying here atm.
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we are getting very very close, prepare to buy and close your shorts!

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to be classified as a spring it needs to bounce at 0.5 max 0.618 fib

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we are ready for a pull back, possible new lows.
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spring retest succesfull
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target 1 is 8k

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this type of spring fits to our price action no.1 - Modest penetration of prior support by lighter volume compared to the volume of prior down moves. Indicates sellers are exhausted. No.1 Springs should be bought immediately.