Potential Wyckoff reversal pattern BTCUSD

٥ أكتوبر ٢٠٢٤

Hi everybody.
I want to pick your brain about my swing trade / position trade entry idea on BTC.

Investment thesis:
FUNDAMENTALS:

Long Term: Liquidity expanding + China Stimulus / Raoul Paul GMI concepts.

Time based: End of quarter rally + cycle stage should come with a rally.

TECHNICALS

Weekly: FVG in Support tested several times.

Daily: Daily wicks and Bullish FVG

Hourly: Wyckoff (sort of) strucutre: Sell climax + penetration + BOut Res + retest

RR: 3:1 approx.

١٢ يناير

أغلقت الصفقة: تم الوصول للهدف

This worked out great.
Not a text book Wyckoff but the panic selling of 10/2024 and quick reversal gave even more strenght to the analysis