Wyckoff Accumulation Suggests Bitcoin (BTC) Price Has Already Bottomed Out.
The Wyckoff schematics is a technical analysis tool for traditional and crypto markets.
Wyckoff accumulation indicates that currently BTC may be in the penultimate phase of accumulation.
Still, Bitcoin needs to reclaim the $18,000 area quickly.
The structure of a typical Wyckoff schematics consists of a series of sharp up and down price movements that form a kind of extended distribution or accumulation. This pattern often occurs after long-term declines or increases in a given asset. One of the tops or bottoms of the pattern is the peak or bottom for the selected period of price action. Once it is reached, the trend reverses and the decline or increase accelerates.
@Bitcoins
The Wyckoff schematics is a technical analysis tool for traditional and crypto markets.
Wyckoff accumulation indicates that currently BTC may be in the penultimate phase of accumulation.
Still, Bitcoin needs to reclaim the $18,000 area quickly.
The structure of a typical Wyckoff schematics consists of a series of sharp up and down price movements that form a kind of extended distribution or accumulation. This pattern often occurs after long-term declines or increases in a given asset. One of the tops or bottoms of the pattern is the peak or bottom for the selected period of price action. Once it is reached, the trend reverses and the decline or increase accelerates.
@Bitcoins
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Bitcoins
Two paths : 👍Bullish : Cmp(16530) - 17300- 15580- 21k 🔥Bearish: Cmp(16530) - 15900- 16200- 13800 My Take 👍 @bitcoins
BULLISH PATH
Step 1- 16530 ✅
Step 2- 17300 ✅
Step 3- 15580 (Editing to 16660) - IN Progress
Step 4 - Upcoming
Do you AGREE?? 👍
@bitcoins
Step 1- 16530 ✅
Step 2- 17300 ✅
Step 3- 15580 (Editing to 16660) - IN Progress
Step 4 - Upcoming
Do you AGREE?? 👍
@bitcoins
👍41🎉3🤩3🔥2❤🔥1
Bitcoins
GREAT LOW TIME FRAME STRUCTURE @bitcoins
SUPPORT ESTABLISHED, TEST IS AT 17500. VERY VERY IMPORTANT WEEK , STARTING TODAY!
TRADE WELL OR DONT TRADE!
@bitcoins
TRADE WELL OR DONT TRADE!
@bitcoins
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