Bitcoin / TetherUSUpdated 1W1D2D3D
1W - the price goes in a huge wedge.
I believe some are in a hurry to call this structure a Wyckoff accumulation.
Even if it is one, 15K can't be Spring, what are you talking about?
Then we need to go to the 13-10 range.
And then it would be a true Wyckoff accumulation.
1D is overbought
2D overbought.
3D overbought.
Hates news.
Because it is most often just a means to dizzy the crowd and disrupt structures.
However, this disruption has its limits. And it looks like the price has reached them.
I believe some are in a hurry to call this structure a Wyckoff accumulation.
Even if it is one, 15K can't be Spring, what are you talking about?
Then we need to go to the 13-10 range.
And then it would be a true Wyckoff accumulation.
1D is overbought
2D overbought.
3D overbought.
Hates news.
Because it is most often just a means to dizzy the crowd and disrupt structures.
However, this disruption has its limits. And it looks like the price has reached them.
Note
Some noticed a "bad" cross of MA100 and MA200 on the weekly chart.
We don't know if it makes sense yet.
Note
Note
YELLOW - Resistance / Overbought: a resistance area, may become a Top, or be broken through.
Note
Note
Note
Note
Those repeated upward swings we are seeing
are consistent liquidation of shorts. But top of the
last peak is difficult to calculate here.
Squeeze can kill stop-losses of shorts even higher.
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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.