Wyckoff accumulation schematic
Once the Wyckoff accumulation is over, the price will move sharply higher as demand will exceed support. Buyers will experience an impulsive bullish pressure in which most money is generated from a buying position.
Target 50k +/-
Seems like BTC/USDT is in the process of an ABC correction wave before taking off.
For the moment a range is all we can operate, buying at the lowest points and selling at the higher part.
ADD: The C could take us back to 44k which would be what we mentioned before is the pullback of the DAILY frame to the EMA 55
BTC will be doing a range in the 4h timeframe.
BTC will have a confirmation of the upward trend in the DAILY timeframe. Expecting a pull back in the 1D frame to the area of 44k+\- before it continues it’s upward tendency in the weekly chart.
**1D timeframe: according to the MACD and ADX, we have either a range or a pullback to the MA55 and the area of liquidity.
4H = MACD has downward direction. ADX has lost the force. We are having a pullback to the brown EMA then a push towards 50K, before the final correction in the DAILY Timeframe (1D) to continue with it's uptrend.
Long Entry: 45000 - 45500
Stoploss : 43800
