Pt5. Bitcoin Wyckoff correction and move UP!
Hi!
So here is a continuation on my last update that I accidentally made private.
Bitcoin is right now at the most critical point and needs to make a decision to start next impulse wave up the Wyckoff pattern, or if bears still have enough volume this will start a 5 wave down.
On the daily chart everything looks to go according to the pattern, MACD is still pointing down, but a with few days uptrend will make it bounce of the trend line and lining up with zero point support at the same time. RSI is already making a turn to the upside from its trend line.
Next week will show us where we are going.
All the best! -B
So here is a continuation on my last update that I accidentally made private.
Bitcoin is right now at the most critical point and needs to make a decision to start next impulse wave up the Wyckoff pattern, or if bears still have enough volume this will start a 5 wave down.
On the daily chart everything looks to go according to the pattern, MACD is still pointing down, but a with few days uptrend will make it bounce of the trend line and lining up with zero point support at the same time. RSI is already making a turn to the upside from its trend line.
Next week will show us where we are going.
All the best! -B
Note
Note
AND where everything started, I still think we haven't seen the 5th wave up. Trade active
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Related publications
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.