Long
A Wycoff acumulation. Tha`s what it is!
As I see it:- Bitcoin has been accumulating to take the last leg up.
This is the Wycoff accumulation macroscheme being: PS - preliminary support; SC - sales climax ST - secondary test;
Spring; LPS retest - last preliminary support; BU/LPS - Jumping River & SOS - Trend Strength signal.
I must say that this accumulation scheme is only confirmed after it hits at least 29 thousand and reverses,
before that it's just speculation.
Hope it helps, reverting in this demand area: buy it!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.