ETH/USDT in Wyckoff Accumulation Model
Imagine the smell...
ETH seems to follow Wyckoff Accumulation Model all too close so far. Nobody knows what will happen, but seems like a good idea to keep this in mind
Selling Climax (SC) was reached in June 2022, quick Automatic Rally (AR) peaked mid-August 2022, Secondary Test (ST) at the end of November 2022.
ETH just took out the AR high and seems to print strong bearish candle.
Based on this model we would expect:
rest of the Q2 23 = SHORT and path to sub-1k ETH
H2 23 = bounce from the bottom, path back to the top of the range
ETH seems to follow Wyckoff Accumulation Model all too close so far. Nobody knows what will happen, but seems like a good idea to keep this in mind
Selling Climax (SC) was reached in June 2022, quick Automatic Rally (AR) peaked mid-August 2022, Secondary Test (ST) at the end of November 2022.
ETH just took out the AR high and seems to print strong bearish candle.
Based on this model we would expect:
rest of the Q2 23 = SHORT and path to sub-1k ETH
H2 23 = bounce from the bottom, path back to the top of the range
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