If wyckoff phases A though C are plotted on the chart then this setup this looks like a wyckoff phase C;
If this is a wyckoff phase C then this would mean BTC is going to move to 44594 and then follow up with an Explosive Bullish movement to 50K.
On the other hand if this Setup is not a wyckoff phase C then BTC will confirm it by falling out of the upwards moving channel and heading southwards.
If this is a wyckoff phase C then this would mean BTC is going to move to 44594 and then follow up with an Explosive Bullish movement to 50K.
On the other hand if this Setup is not a wyckoff phase C then BTC will confirm it by falling out of the upwards moving channel and heading southwards.
Note
******* An alternative move is the market makers can retest the 38k to 39k area which will be a bear trap followed by an explosive move upwards .
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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.