BITCOIN ๐ฒ Wyckoff Accumulation??? ๐๐ Spring in Progress...
BITCOIN -- Supply and Demand โ Battle Continues! ๐ฌ
Bullish volume expands at the bottom of Trading Range $32,000.
(This was the "Hold the Door" moment in GOT. ๐๏ธโโ๏ธ)
In the Wyckoff schematic, this appears to be the SPRING ๐. Bullish volume has entered... bulls escape the death trap to $20,000.
Admittedly, "Phase B" went on longer than I thought it could and had me faked out thinking this was a failed Wyckoff Accumulation in my earlier post updates... ๐ but the SPRING move changes this battle of Supply and Demand. ๐ฎ
โ 1) Flipped 1H - 200 EMA to Support
โ 2) Bullish volume increasing as retail traders take long positions.
๐ฅ3) Price needs to get to the $42,000 Resistance Line
๐ฅ4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ๐๐ฅ๐
Bullish volume expands at the bottom of Trading Range $32,000.
(This was the "Hold the Door" moment in GOT. ๐๏ธโโ๏ธ)
In the Wyckoff schematic, this appears to be the SPRING ๐. Bullish volume has entered... bulls escape the death trap to $20,000.
Admittedly, "Phase B" went on longer than I thought it could and had me faked out thinking this was a failed Wyckoff Accumulation in my earlier post updates... ๐ but the SPRING move changes this battle of Supply and Demand. ๐ฎ
โ 1) Flipped 1H - 200 EMA to Support
โ 2) Bullish volume increasing as retail traders take long positions.
๐ฅ3) Price needs to get to the $42,000 Resistance Line
๐ฅ4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ๐๐ฅ๐
โ 1) Above 1H - 200 EMA to Support
โ 2) Bullish volume increasing as retail traders take long positions.
๐ฅ3) Price needs to get to the $42,000 Resistance Line
๐ฅ4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ๐๐ฅ๐
๐คชI can't believe it's been ranging sideways for nearly a month! (25 days to be precise.) I believe Bitcoin may take the lead, while the Altcoins may lag behind and range sideways for an extended time.