So as expected, price has actually grabbed liquidity below the lows previously created to form the Spring of the Wyckoff Accumulation Schematics. We expect price to go on a bullish run to at least the $41,000 mark.
Chart showing Areas of Interest. Supply zones and bearish OB are areas to watch for price behaviour for confirmation by wyckoff or reversal candle stick patterns for a possible bearish movement. Nonetheless, if price approaches the unmitigated OB, we should see some reactions to the upside.
Bitcoin price dropped from the $63,000 area into the huge weekly Order Block ($40,000 - $28,000 area), and has been consolidating in that area for weeks. However, the formation of a Wyckoff Accumulation Schematics on a 4H time frame would be a strong indication of price willing to push higher. At the moment, a Wyckoff Accumulation Schematic has been forming on the...
