Bitcoin in short-term accumulation
Updated
💡 Previously shared the idea that Bitcoin is undergoing global re-accumulation according to Wyckoff method.
✅ Now a similar picture is observed on all time frames.
📈 Micro-range, in which the price has been consolidating for the last 9 days, has acquired an accumulation structure. The deviation from consolidation, having collected the sellers' liquidity, formed Spring and a beautiful Test.
🗣 Return to the channel after the Test gives a reason to believe that the Wyckoff structure is correct and the next goal will be 9250-9300 zone, where the price can form LPS for the next impulse to the upside out of the channel.
🧠 After forming the SOS, long positions can be considered for the medium-term.
✅ Now a similar picture is observed on all time frames.
📈 Micro-range, in which the price has been consolidating for the last 9 days, has acquired an accumulation structure. The deviation from consolidation, having collected the sellers' liquidity, formed Spring and a beautiful Test.
🗣 Return to the channel after the Test gives a reason to believe that the Wyckoff structure is correct and the next goal will be 9250-9300 zone, where the price can form LPS for the next impulse to the upside out of the channel.
🧠 After forming the SOS, long positions can be considered for the medium-term.
Trade active
We got BOS - break of market structure. It is possible to look for an entry point to open long position for the medium-term:Trade active
Wyckoff accumulation worked perfectly:
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