BTCUSD - Possible Wyckoff accumulation pattern
Updated
Potential Wyckoff accumulation pattern heading into markup phase forming... waiting on confirmation of a sign of strength to confirm.
Note
Looks like either my scale is off, or the pattern is playing out as a redistribution instead of an accumulation phase.Note
clearly my timing is off.. I had the spring far earlier than it should have been. That's probably a ST in Phase B. Looks like we just had the spring with the pullback to 28.8k. Looking for a retest of support to confirm phase C, which should lead into the last point of supply somewhere around $40-42k.
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.