BULLISH: Bitcoin at Wyckoff's Accumulation Phase?

Hi everyone,

Thank you for considering reading my idea.

In this 1h chart, we may be in the middle of Phase C and starting Phase D of the Wyckoff Method - Accumulation Phase. In Phase D, we should see sign of strength (SOS) in the market that should be HIGHER than the automatic reaction (AR) and with higher volume. We can also see that we are making a HIGHER HIGH but less volume

On the other hand, I also have a macro scale analysis of Bitcoin using Wyckoff. See my related ideas below.

If you want to know more about Wyckoff Method, read here: www.wyckoffanalytics....com/wyckoff-method/

Like this idea and follow me for more analysis like this. TAYOR.

Cheers,
Juvs

تعليق:

We did get another test off the 34K level and bouncing up to 39K level.

See also my inverse H&S how I get the 39K level target:

تعليق:

Previous ideas were invalidated. Maybe because it's moving too quickly. Bitcoin's moving slow which I think is good?

Ignore the yellow line. That was from the previous update.

Here's the updated Wyckoff Method Accumulation Chart. At some point, we may need a Spring action, then a test to the support line before pushing through the resistance lines and testing it as support.

تعليق:

Can we get a Spring action in the next few days?

تعليق:

Here's an updated wyckoff chart: