Good morning, traders. Hope y'all stayed safe during the move yesterday. There's a lot going on in this chart, but I wanted everyone to be aware of how we are watching price action play out.
As I discussed in yesterday's chart, and then expounded upon during the morning's live stream, there would be an attempt to push through the descending resistance line...
In my last chart, I had emphasized that the Wyckoff's Spring is likely at the $6,000 level (aka The Walls of Westeros) provided that price bounces from $6,000 and not any higher. Why is that? Well, it is important to remember that the Wyckoff's Spring needs to be a lower low.
Of course, this is all based on the assumption that Bitcoin is really trending according...
