This idea is testing the Accumulation Phases of Wyckoff combined with Trend Analysis.
Trade active
Everything is a little bit more delayed than expected.Trade closed: target reached
It worked pretty well. Just a little bit delayed because of the FTX black swan.Note
Looking back the FTX black swan was the "Shakeout" and the following uptrend was the "Sign of Strength". "Backup" to 20k and "Range Breakout" to 30k.
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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.