Hey guys, as we expected the BTCUSD dropped to the demand zone on the weekly chart, mitigation has happened and now we are seeing price going up, however I'm expecting to Wyckoff to occur on this 1h chart to the downside, as you can see, so far, we have spotted almost 80% of Wyckoff accumulation, I wanna see the price to either test the formed UTAD level or make another higher UTAD before dropping off to mitigate the demand zone on the downside on 1h chart.
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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.