BitcoinLong
Bitcoin Wyckoff - You, change your mind, like a girl, changes ..
..clothes!
My thoughts as as such.
Accumulation:
- The pattern since selling climax at $60,777 of higher lows gives a strong indicator of accumulation.
- Volume is trending down, leaning towards accumulation.
Distribution:
- Where I have ua at the end, it could make sense to be an utad which explains some of the weakness
Overall, I still think this is bullish but I won't decide until we see a clear spring/shakeout. It's unlikely we've already had it since if we did, we wouldn't see the weakness in the past few days.
MY TRADING PLAN:
1. See what happens at 66k, and very likely long then
2. Long if 73k breaks.
My thoughts as as such.
Accumulation:
- The pattern since selling climax at $60,777 of higher lows gives a strong indicator of accumulation.
- Volume is trending down, leaning towards accumulation.
Distribution:
- Where I have ua at the end, it could make sense to be an utad which explains some of the weakness
Overall, I still think this is bullish but I won't decide until we see a clear spring/shakeout. It's unlikely we've already had it since if we did, we wouldn't see the weakness in the past few days.
MY TRADING PLAN:
1. See what happens at 66k, and very likely long then
2. Long if 73k breaks.
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.