BTC bottom is in?

Many indicators show that BTC may form the final bottom in this cycle. But is it really confirmed?

Following the Wyckoff method, it suggests why this hypothesis would become more and more realistic.

I've already made a Wyckoff analysis but I would like to make it simpler with this new one.

Based also on key levels (Fibonaci and main supply/demand areas), the prediction would be correct or completely wrong at the end. But I hope that this chart would be useful in midterm.

All the best!

ความคิดเห็น:

BTC consolidates in a box and need one 4H-candle closing above $23300 to reach the important resistance $25300

ความคิดเห็น:

In my opinion, the next LPS action is starting and BTC would go to test the $24000 $25000 range.

Holding this levels, $28000 is the next and the hardest one to break.

ความคิดเห็น:

$25300 is the next resistance to break. I expect a pullback here and BTC will take some (short) time to consolidate between $24000 and $25300. If so, we will focus on Altcoins which will outperform BTC during its consolidation.

ความคิดเห็น:

It's quite a long time we haven't seen a daily green candle of 10%. Real pleasure for the eyes

ความคิดเห็น:

BTC was pulled back after touching $25300 (resistance) as expected.
In my opinion, this leg-up (phase-D of Wyckoff accumulation) to $28000 is still intact.

ความคิดเห็น:

I recall this analysis as another view of BTC to prepare for the next move which would be big.

ความคิดเห็น:

On this 2D-TF analysis, we can see that prices touched the Fib 0.236 level and stops moving up. Consolidation below the key level is still on-going.
In this analysis, one can see the current support level is around $24K-$25K, in case of rejection by Fib 0.236. Need to watch these levels.

ความคิดเห็น:

The key level $28500 broken without pullback to $25000. This shows that BTC is strong and it may go directly to $36000s