Is a Wyckoff "Accumulation" forming on Bitcoin?
Updated
A Wyckoff view of Bitcoin
Potential "Accumulation" pattern forming.
Intermediate target: ~$7800
My bias is bullish given the weight of fundamental evidence for a bottom. But even if this is a Wyckoff "Re-distribution" (bad) $7800 test likely.
Safest entry is on confirmation.
Potential "Accumulation" pattern forming.
Intermediate target: ~$7800
My bias is bullish given the weight of fundamental evidence for a bottom. But even if this is a Wyckoff "Re-distribution" (bad) $7800 test likely.
Safest entry is on confirmation.
Trade closed: target reached
Wyckoff target reached. I remain long.
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