Wyckoff Accumulation Phase for BTC
BTC has been trading sideways and it found a bottom after a huge drop from 59500-ish. Then it was bouncing between two major support level 42K and 31K and started to form the famous Wyckoff Accumulation Phase, recently on the 22nd of June we formed a Spring, and now we are in the Testing phase if the test succeeds we should slowly but steady start to march toward the upside and after LPS (Last Point of Support) at 35K, and then if we go above 42K it's a SOS (Sign Of Strength) and if we make solid support there we should be ready to continue to the uptrend.
Resource:
medium.com/@ColdBloodShill/wyckoff-101-part-3-accumulation-2deef3335a4f
Resource:
medium.com/@ColdBloodShill/wyckoff-101-part-3-accumulation-2deef3335a4f
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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.