Bitcoin - possible reaccumulation - Wyckoff
I think we have an accumulation. There was strong resistance at 58,800 (you can see selling pressure at the wick). There was also a strong support at 56,000 as well as an average volume level of 57,100. This makes us stuck in the consolidation.
I think there is still spring ahead of us. There I will try to enter long.
The top exit will take us to 64,000, the bottom exit will take us to 49,000.
I think there is still spring ahead of us. There I will try to enter long.
The top exit will take us to 64,000, the bottom exit will take us to 49,000.
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