Bitcoin Wyckoff - You, change your mind, like a girl, changes ..
..clothes!
My thoughts as as such.
Accumulation:
- The pattern since selling climax at $60,777 of higher lows gives a strong indicator of accumulation.
- Volume is trending down, leaning towards accumulation.
Distribution:
- Where I have ua at the end, it could make sense to be an utad which explains some of the weakness
Overall, I still think this is bullish but I won't decide until we see a clear spring/shakeout. It's unlikely we've already had it since if we did, we wouldn't see the weakness in the past few days.
MY TRADING PLAN:
1. See what happens at 66k, and very likely long then
2. Long if 73k breaks.
My thoughts as as such.
Accumulation:
- The pattern since selling climax at $60,777 of higher lows gives a strong indicator of accumulation.
- Volume is trending down, leaning towards accumulation.
Distribution:
- Where I have ua at the end, it could make sense to be an utad which explains some of the weakness
Overall, I still think this is bullish but I won't decide until we see a clear spring/shakeout. It's unlikely we've already had it since if we did, we wouldn't see the weakness in the past few days.
MY TRADING PLAN:
1. See what happens at 66k, and very likely long then
2. Long if 73k breaks.
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