Bitcoin Recovery Plan: Possible Wyckoff Accumulation Phase
I am not an expert in analysis of the Wyckoff method, nor is this post financial advice.
It seems that Bitcoin may possibly be in Phase C of a Wyckoff Accumulation Phase. A continuation in price action upward during potential Phase D could signal a reversal in this bear market downtrend. This would coincide with the idea that Bitcoin has already broken above the long-term overhead resistance from the previous all time high on the linear scale.
Again, this is not financial advice. DYOR.
It seems that Bitcoin may possibly be in Phase C of a Wyckoff Accumulation Phase. A continuation in price action upward during potential Phase D could signal a reversal in this bear market downtrend. This would coincide with the idea that Bitcoin has already broken above the long-term overhead resistance from the previous all time high on the linear scale.
Again, this is not financial advice. DYOR.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.