Bitcoin BTCUSD Wyckoff Accumulation (Long)
BTCUSD formed a head and shoulders at the third extention (63k). The target for this formation (32k) was reached last week.
Since then, BTCUSD has sprung off the first extension from a Wyckoff accumulation pattern, currently in Phase C.
Following a retest of 33400, a good surge is expected.
To be updated...
Since then, BTCUSD has sprung off the first extension from a Wyckoff accumulation pattern, currently in Phase C.
Following a retest of 33400, a good surge is expected.
To be updated...
Note
We're seeing a W formation spring. Daily candle needs to close above 35600 for bottom confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.