Wyckoff Accumulation Under Threat?
Recent price action not showing any kind of buying strength since the lowest low on 6/25. If 
BTCUSD price would sink below 32600, then we could see a deep price erosion toward 23k and take out traders placing their stops below the lowest low zone. On the other hand if BTC could break above 36,500 level, then I would be more convinced the 6/25 low is set and is safe to place fresh bids. Right now the risk is still relatively high to add more coins.
BTCUSD price would sink below 32600, then we could see a deep price erosion toward 23k and take out traders placing their stops below the lowest low zone. On the other hand if BTC could break above 36,500 level, then I would be more convinced the 6/25 low is set and is safe to place fresh bids. Right now the risk is still relatively high to add more coins.
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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.