BTC : Phase E, According to WYCKOFF

5 May 2023

BTCUSDT

Hi Traders, Investors and Speculators of the Charts 📈📉

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.


The goal of looking at a chart from a Macro time frame perspective is to identify the current market phase / cycle. When we look at the BTCUSDT chart and overlay the Wyckoff Method Accumulation, it's clear that the price action is currently trading in Phase D, about to move to Phase E after the SOS. If you're looking for more details on Wyckoff Method Technicals, see here :

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CryptoCheck

6 May 2023

Not

Price action as low as 27K is still SOS