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Wyckoffaccumulation

Bitcoin is heading northSince the last week of februari, the bitcoin price was ranging between ~$45000 & ~$52000. Now we see the price broke out of the range. What's next? First i want to talk about what actually happened Because i spotted something interesting. We where trading in a range, and at the same time price was forming a Wyckoff re-accumulation schematic. (in my opinion) - Price formed the Range low --> Sellers climax - Price formed the Range high --> Automatic rally - Price made a daviation of the range low --> Spring Price broke out above the range!? This could mean that: we are going to see SOS (Sign of Strength) following the wyckoff. Wich is falling inline with: long opportunities at the former range high. But if the bulls can build a lot off momentum, we might not see the test of the range-high! My conclusion: I think the bulls are ready for a next leg up. I'm aiming for ~$66000 Thank you for checking my analysis! Do you have tips or other comments? Tell me please! I'm open for feedback!
BITFINEX:BTCUSDLong
by stannieb
BTC Wyckoff Accumulation Pattern In Formation ?As we are still in an early stages of correction it is very hard to say what we are forming right now. But it just caught my eyes that we could be forming something like a wyckoff accumulation pattern which usually consists of 7 main crashing waves and also forms a lot of times. If that theory holds we could be forming a 5th wave right now, but who knows. Will see. I am not a financial advisor so don't buy anything that a say. Have a good one. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by AVA37
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