FTM ready to Go-Break out of the downtrend has been completed One of the best strategies, breakout of the down trend and retest it.
Strengths Points: one week candle has broken the blue down trend and it may continue to enter the white wide range, also reverse head and shoulders pattern formed
Target points and Stop Loss are marked on the chart.
I am Just sharing insights and market trends for learning and growing every day and it is not financial advice.
Wycokff
Btc showing signs supply shockBtc just broke straight up the circle from previous analysis.
The volume is not high so I understand that the supply shock is taking place.
It is a simple concept but very hard to accept for people used to conventional markets.
At some point, btc holders hold more btc than what is available on exchanges. The price increases due to volatility. And as it is IMPOSSIBLE to just print/mine*/emit/create some more, the price tends to go higher.
Also, a clear wyckoff accumulation took place is the last few weeks.
The acummulation phase is done, now a sharp move to the upside, returning to $50k area in which the wyckoff distribution started.
The big boys now have enough cheap btc, the ride will be good.
