โ๏ธ Technical Thesis:
We're currently witnessing the unfolding of two back-to-back Wyckoff reaccumulation structures on the 4H timeframe:
๐ฆ Reaccumulation #1 (Left)
Structure: PSY โ BC โ AR โ ST โ Spring + Test โ LPS โ SOS
Bullish pennant formed after Spring, leading to a strong breakout
BC of this phase (105,821) now acts as a major upper resistance
๐ฆ Reaccumulation #2 (Right)
Structure: BC โ ST โ UT โ Shakeout โ Minor Spring โ SPRING (current)
Current price has tagged Spring at the convergence of:
Lower Bollinger Band ($105,174)
61.8% Fibonacci retracement ($105,915)
๐งช Market Internals
RSI: 38.31 โ deeply oversold, aligned with a Spring phase
Volume: Fading on last leg down, hinting exhaustion
BBs:
Upper: $110,828
Basis: $108,006 (confluent with 55 SMA)
Lower: $105,174
200 SMA: $102,248 (macro support)
Pattern context: Another bullish flag is forming within the second structure
๐ฏ Trade Expectations (Pending Spring Test as Confirmation)
If this Spring holds:
๐ LPS โ Look for bullish reaction with increased volume
TP1: AR retest around $106,752
TP2: 55 SMA + BB Midline confluence at ~$108,000
TP3: Range target or previous BC level near $112,000โ$113,000
A decisive break below $105,000 with RSI < 35 and rising volume would invalidate the Spring and shift focus to breakdown risk.
๐ Wyckoff View
This is a classic Spring setup from a Wyckoff reaccumulation structure. Two sequential structures are visible, and the first structureโs BC now serves as the foundational support for the second. This kind of layered support builds conviction โ but needs validation via LPS and SOS phases.
Yes the major trendline was broken, but we are now consolidation and reaccumulation for the next leg up, unless the pattern is invalidated.
๐น No short setups active unless structural failure confirmed.
๐ฌ Share your view: do you see this as a Spring or potential failure?
#BTCUSDT #Wyckoff #Reaccumulation #CryptoTrading #BitcoinAnalysis #TechnicalAnalysis #Spring #LPS
We're currently witnessing the unfolding of two back-to-back Wyckoff reaccumulation structures on the 4H timeframe:
๐ฆ Reaccumulation #1 (Left)
Structure: PSY โ BC โ AR โ ST โ Spring + Test โ LPS โ SOS
Bullish pennant formed after Spring, leading to a strong breakout
BC of this phase (105,821) now acts as a major upper resistance
๐ฆ Reaccumulation #2 (Right)
Structure: BC โ ST โ UT โ Shakeout โ Minor Spring โ SPRING (current)
Current price has tagged Spring at the convergence of:
Lower Bollinger Band ($105,174)
61.8% Fibonacci retracement ($105,915)
๐งช Market Internals
RSI: 38.31 โ deeply oversold, aligned with a Spring phase
Volume: Fading on last leg down, hinting exhaustion
BBs:
Upper: $110,828
Basis: $108,006 (confluent with 55 SMA)
Lower: $105,174
200 SMA: $102,248 (macro support)
Pattern context: Another bullish flag is forming within the second structure
๐ฏ Trade Expectations (Pending Spring Test as Confirmation)
If this Spring holds:
๐ LPS โ Look for bullish reaction with increased volume
TP1: AR retest around $106,752
TP2: 55 SMA + BB Midline confluence at ~$108,000
TP3: Range target or previous BC level near $112,000โ$113,000
A decisive break below $105,000 with RSI < 35 and rising volume would invalidate the Spring and shift focus to breakdown risk.
๐ Wyckoff View
This is a classic Spring setup from a Wyckoff reaccumulation structure. Two sequential structures are visible, and the first structureโs BC now serves as the foundational support for the second. This kind of layered support builds conviction โ but needs validation via LPS and SOS phases.
Yes the major trendline was broken, but we are now consolidation and reaccumulation for the next leg up, unless the pattern is invalidated.
๐น No short setups active unless structural failure confirmed.
๐ฌ Share your view: do you see this as a Spring or potential failure?
#BTCUSDT #Wyckoff #Reaccumulation #CryptoTrading #BitcoinAnalysis #TechnicalAnalysis #Spring #LPS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protect your Bitcoin investment with our realtime alerts and fully automate your trading.ย No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.