Since the Spring of the Wyckoff Accumulation, we were able to predict the flow of Bitcoins price by following the Wyckoff market cycle.
We are now in phase D, were we will start the clear Sign of Strength move by creating our last point of support.
This will be confirmed if price comes back down to the $47,700 - $47,300 range, creating a higher low on the 1 and 4 hour charts.
If price were to fall to these levels, we are predicting that price will not stay there more than 4-8 hours before rallying back up to our current resistance levels of $49,000 - $49,700.
We are now in phase D, were we will start the clear Sign of Strength move by creating our last point of support.
This will be confirmed if price comes back down to the $47,700 - $47,300 range, creating a higher low on the 1 and 4 hour charts.
If price were to fall to these levels, we are predicting that price will not stay there more than 4-8 hours before rallying back up to our current resistance levels of $49,000 - $49,700.
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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.