A couple of days ago I posted an idea talking about a possible Wyckoff accumulation pattern forming. Here is an update. Last time we were just retesting the lower levels, it wasn't quite a spring since we didn't manage to breake it, we just saw a bounce. This time, however, we did see a break down, the price came all the way down to the 28k-19k levels. So far, the price has bounced and it's back in the lower levels, so I'm thinking this might be the phase C.
I've highlighted some important levels, as well as some abnormal volume entries to confirm the pattern. If the price continues like this, we might be seeing a break to the upside to finish with this accumulation pattern.
Let me know what you think about this idea.
I've highlighted some important levels, as well as some abnormal volume entries to confirm the pattern. If the price continues like this, we might be seeing a break to the upside to finish with this accumulation pattern.
Let me know what you think about this idea.