Bitcoin Wyckoff - Leaving the Range
Updated
More and more evidence supporting the notion of accumulation rather than distribution. The latest markups have bigger green candles with good volume vs smaller red candles (or wick which suggest absorbed) and lower volume.
PNF target is around the 90-100k mark before we get another one of these sideways.
For now, if correct, we will see pump, retrace to test late sellers/shorters. Rinse and repeat until target.
PNF target is around the 90-100k mark before we get another one of these sideways.
For now, if correct, we will see pump, retrace to test late sellers/shorters. Rinse and repeat until target.
Note
For what its worth, the ai bot that I refer to is quite bearish, and has been proven correct many times. However, it was also quite bearish at 56k all the way up to current price of 69k.Note
Really strong sell signals from ai bot. I will pass on this even if I could be right.Price currently: $69,530
Note
Longed $69,500. Price currently: $69,500.Note
Closed $69,600. Price currently: $69,600.
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