Looking again at these lower levels, it appears there is some similarity to the Wyckoff accumulation schematic. Last time I thought I knew what I was talking about on this, I was very wrong and 
BTCUSD.P dropped well below $5K. So it'll be interesting to see if this pattern plays out. Does look like there is weakening sell pressure from the 
4K level, which may represent seller exhaustion.
BTCUSD.P dropped well below $5K. So it'll be interesting to see if this pattern plays out. Does look like there is weakening sell pressure from the 4K level, which may represent seller exhaustion. 
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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.