The line chart and volume for CHZUSD seem to loosely match a wyckoff accumulation schematic. Increasing volume on PS and low volume STs in Phase A. Phase B starts with high volume and wide price movements, then low volume on the price decline. Phase C has a low vol spring, then the test forms a higher low on low volume relative to the spring. Phase D creates LPSes...
BTCUSD approaching 0.618 fib retracement (51k) of the ATH dump. This is a common area for late bulls to be trapped and bears to step in. I will take profit my positions first pass of 0.618-0.66 (51-52k) and look to re enter on a higher low, probably the 0.5 fib 46k. My HTF BTCUSD bias is bullish, all LTF 0.618 dips are for buying, but I will change my bias if we...
