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