BTCUSD. Accumulation, Wyckoff Events Education

Bitcoin / United States DollarCoinbase

Description

⋅ Aug 3, 2018 2:27 PM

Hello everyone, today I started to study Bitcoin chart differently.

Lately in some cryptocurrencies I noticed a visual similarity with Wyckoff's "Distribuition schematc # 2".

So today I wanted to try also with the most famous crypt in the world: BTC.

Well, I found positive signals with: "Accumulation schematic # 1.
I put the picture, at least you understand better (compare it with the chart I did).

d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffaccumulation.png

This of course is a visual feedback, we must see how the price of bitcoin will continue, I'm not saying absolutely that it will go this way!

Let me know in the comments if you like my "idea" and what you think.

Good trading to everyone.

Comments

harmonyagservices

⋅ Aug 3, 2018 4:24 PM

If you look at ETH on 4h time frame, there is a very similar Wyckoff accumulation that we seem to be nearing the end of. Currently in spring / terminal shake out. ready for next leg up.