BTC - wyckoff analysis (update)
Updated
Hi guys,
I would like to update my previous wyckoff analysis after new movements of BTC this week (what a week!).
In general, it doesn't change much, just the 'ST as SOW' point which is now a little bit lower.
Let keep an eyes on BTC at these critical prices. Level to level trades is always a good choice.
All the best!
I would like to update my previous wyckoff analysis after new movements of BTC this week (what a week!).
In general, it doesn't change much, just the 'ST as SOW' point which is now a little bit lower.
Let keep an eyes on BTC at these critical prices. Level to level trades is always a good choice.
All the best!
Comment
BTC broke the lower trendline from "ST as SOW" point. After retesting this support, it is ready to move upward (in condition that stock markets hold the current levels and/or have a pullback).Comment
BTC held the (black) support and now going up along with the pullback of stocks.Now BTC needs to break the strong resistance $20000-$20400 to head the creek resistance (around $23000).
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