TradingView
AlexG3158
Jun 22, 2021 8:20 PM

Update on the Wyckoff accumulation Long

Bitcoin / TetherUSBinance

Description

A couple of days ago I posted an idea talking about a possible Wyckoff accumulation pattern forming. Here is an update. Last time we were just retesting the lower levels, it wasn't quite a spring since we didn't manage to breake it, we just saw a bounce. This time, however, we did see a break down, the price came all the way down to the 28k-19k levels. So far, the price has bounced and it's back in the lower levels, so I'm thinking this might be the phase C.
I've highlighted some important levels, as well as some abnormal volume entries to confirm the pattern. If the price continues like this, we might be seeing a break to the upside to finish with this accumulation pattern.

Let me know what you think about this idea.
Comments
kayyumzp
btc will go to 23k
harsharyacoach
@kayyumzp, No Bro
thegr8binil
I see more downside!
harsharyacoach
@thegr8binil, 31K Last Otherwise Upp
Cryptosharma231
This week 41k gbtc shares are gonna unlock that would lead to some selling pressure, so I think we can see 28k if it breaks then 25k
nityeshrathi
you are right ............ fucking 100% right..... its 56 k now
More