Bitcoin BTCUSD Wyckoff Accumulation (Long)

Jun 23, 2021

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...

Jun 29, 2021

Note

We're seeing a W formation spring. Daily candle needs to close above 35600 for bottom confirmation.