killzonemaster

Bitcoin in reaccumulation stage - Wyckoff method

לונג
killzonemaster מעודכן   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
❓ What is reaccumulation? It is a trading range within a continuing uptrend.

🔸 Applying Wyckoff logic to the Bitcoin trading range gives us picture that shows reaccumulation after shakeout.

🔸 Absorption of supply happened in the trading range with strength and without violation of support.

🔸 The high of 10400+ and low of 7900+ (depending on the exchange you are trading on) might violate the common rules of Wyckoff reaccumulation. But conserning these volatile moves as a deviations out of the consolidation we see that the only purpose was to take liquidity. I believe that such wicks on Bitcoin are not of great importance.

🔸 A jump across the creek with the formation of SOS (sign of strength) will be a confirmation of an uptrend.

❗️ Reaccumulation can potentially have Spring action. Usually flat or sloping down formations have one.

🚫 Failing to get back quickly into the range after Spring will be a sign of weakness (SOW), that might lead price downwards.
הערה:
✅ Chart update:

עסקה פעילה:
Following the previously outlined plan:

עסקה פעילה:

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