My Revised Take On The Wyckoff Accumulation Schematic On Bitcoin
My Revised Take On The Wyckoff Accumulation Schematic On Bitcoin
In this chart i show you the support and resistance levels that i am looking for in te coming weeks.
Looking at the last wyckoff pattern i have drawn i changed phase D because it looks like we got the retest to 32k as i initially expected. the last 2 whicks therefore can be seen as one on the wyckoff pattern, as that is possible in these type of patterns.
I also lowered the levels in phase D because they didnt align with the whicks in phase A and B.
I will be bullish if we break 36k short term and 42k long term, bearish if we retest 30k again.
For now i hope we are still following this pattern an see some green in the coming weeks.
In this chart i show you the support and resistance levels that i am looking for in te coming weeks.
Looking at the last wyckoff pattern i have drawn i changed phase D because it looks like we got the retest to 32k as i initially expected. the last 2 whicks therefore can be seen as one on the wyckoff pattern, as that is possible in these type of patterns.
I also lowered the levels in phase D because they didnt align with the whicks in phase A and B.
I will be bullish if we break 36k short term and 42k long term, bearish if we retest 30k again.
For now i hope we are still following this pattern an see some green in the coming weeks.