In this analysis I combined Elliott and Wyckoff.
If the bullish scenario (green) plays out, the Wyckoff analysis is is valid and we have formed a base.
But if we can't get over the 50% retracement(7100USD), means that we just making a correction in a bigger impuls wave.
The Volume at the bottom is certainly a bullish sign.
If the bullish scenario (green) plays out, the Wyckoff analysis is is valid and we have formed a base.
But if we can't get over the 50% retracement(7100USD), means that we just making a correction in a bigger impuls wave.
The Volume at the bottom is certainly a bullish sign.
