BTC.Usdt (Y22.P1.E12).v2. The Wyckoff approach
Updated
Hi All,
This is the continuation of the previous post of the Wyckoff approach, link provided below.
With the weekly candle most likely closing bullish as is, it is a good indication that the buyers have come in and in the next week or 2 what seems to be accumulation, we will likely have a bullish breakout for this phase, as per this market life cycle.
Like my previous post of ETH, I see BTC potentially playing out the same schematic (3).
There is no way to confirm it until it happens.
What makes me think its accumulation, then that is another discussion based on OnChain data.
Please give me a like and share, as well as come and join our community as per the signature.
All the best,
S.SAri
PREVIOUS POST
note: its not easy to align the bottom accumulation phase with the current scenario however I believe we are in the Spring phase and the test is going through now.
This is the continuation of the previous post of the Wyckoff approach, link provided below.
With the weekly candle most likely closing bullish as is, it is a good indication that the buyers have come in and in the next week or 2 what seems to be accumulation, we will likely have a bullish breakout for this phase, as per this market life cycle.
Like my previous post of ETH, I see BTC potentially playing out the same schematic (3).
There is no way to confirm it until it happens.
What makes me think its accumulation, then that is another discussion based on OnChain data.
Please give me a like and share, as well as come and join our community as per the signature.
All the best,
S.SAri
PREVIOUS POST
note: its not easy to align the bottom accumulation phase with the current scenario however I believe we are in the Spring phase and the test is going through now.
Comment
There is one left in my mind that there might be one more shake out to complete this version of the "SPRING".If so, enter the gift.
Comment
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