Updated Wyckoff Pattern for BTC
Updating my previous chart. Falling Wedge pattern made up by the Accumulation phase. If we use those trend lines as guides, we might get a peak at what the Spring might look like. A Wyckoff expert can educate us on on that on here hopefully.
BTC just tested the Selling Climax (SC) support line. That would be the 3rd time it's tested that support line. Maybe 1 more time up the wedge, and then a Spring? Falling wedges are reversal patterns, so to me it's confluence that we'll hit a Spring (likely remaining within the wedge), and then a reversal to the top.
What do you think?
BTC just tested the Selling Climax (SC) support line. That would be the 3rd time it's tested that support line. Maybe 1 more time up the wedge, and then a Spring? Falling wedges are reversal patterns, so to me it's confluence that we'll hit a Spring (likely remaining within the wedge), and then a reversal to the top.
What do you think?
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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.