A Wyckoff view of Bitcoin
Potential "Accumulation" pattern forming.
Intermediate target: ~$7800
My bias is bullish given the weight of fundamental evidence for a bottom. But even if this is a Wyckoff "Re-distribution" (bad) $7800 test likely.
Safest entry is on confirmation.
Potential "Accumulation" pattern forming.
Intermediate target: ~$7800
My bias is bullish given the weight of fundamental evidence for a bottom. But even if this is a Wyckoff "Re-distribution" (bad) $7800 test likely.
Safest entry is on confirmation.
Trade closed: target reached
Wyckoff target reached. I remain long.
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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.