Wyckoff accumulation schematic laid out slanted on the daily time frame is playing out so far, if we see price spring up and test the support lines then it'll look very promising. Hidden bullish divergence has formed. Stochastic RSI may have broke some downtrend line i have added. MACD about to cross bullish . I'm not exactly sure where the target would be but if phase E plays out then it'd bound to be pretty high right? Taking a fib from 69k to 17k the 0.618 is at $40,967 and the 0.5 is at $34,869 The smaller 1.618 fib from 24.4k to 19.5k is $29,521 And the fib from 17k to 25k bitcoin held the 0.786 and has closed a bullish engulfing candle above the 0.618 and opened a new green one above the 0.618 as well. Things are looking pretty good so far. Let's hope for the best.
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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.