My Updated Bias On BTCUSD

22 juin 2021

Bitcoin price dropped from the $63,000 area into the huge weekly Order Block ($40,000 - $28,000 area), and has been consolidating in that area for weeks. However, the formation of a Wyckoff Accumulation Schematics on a 4H time frame would be a strong indication of price willing to push higher. At the moment, a Wyckoff Accumulation Schematic has been forming on the 4H time frame, albeit incomplete. A complete formation of the Wyckoff Accumulation Schematics and a possible test of the Spring should signify bullish run.