BTC short-term view
Alongside my longer-term analysis of BTC, I'd like to share my outlook for the short term.
In my view, BTC appears to be forming an accumulation pattern in line with the Wyckoff method. If this holds true, BTC may return to the inner range in preparation for its next breakout attempt.
A strong buying opportunity is likely near the lower boundary of the current range, suggesting the possibility of a "Spring" event (Scenario B). However, a period of reconsolidation within the current range (Scenario A) is also a plausible outcome.
Other possibilities could emerge, but my primary focus remains on the two scenarios mentioned above.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
In my view, BTC appears to be forming an accumulation pattern in line with the Wyckoff method. If this holds true, BTC may return to the inner range in preparation for its next breakout attempt.
A strong buying opportunity is likely near the lower boundary of the current range, suggesting the possibility of a "Spring" event (Scenario B). However, a period of reconsolidation within the current range (Scenario A) is also a plausible outcome.
Other possibilities could emerge, but my primary focus remains on the two scenarios mentioned above.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Note
Update: Prices are still in the range
Note
The range's high is broken. The expected structure is no longer valid.
I close this analysis here.
Note
I reuse this analyis. Although the Wyckoff structure was invalidated, I'm still waiting for Scenario A or B to happen.
Note
I'm still waiting for reaction of BTC at 57k-58K or 51K-53K, if it comes there
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