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PistonHonda
Jan 18, 2022 5:18 PM

BTC possible Wyckoff Creek into Spring Long

Bitcoin / USDFTX

Description

Personally I have been favouring lower prices and retest of 28K

This set up mid downtrend is not my favourite scenario but it is getting a little hard to ignore now

Can see a few days of volatility decreasing and supply exhausting. Hate to admit it but there are conditions for a spring action here

Not being the bottom saint but this could very well be the new low and perhaps bouncing on an apex style formation on higher timeframes (See last idea)


Risk management must be applied well as always but the set up is too good to miss.

Pay to play! If this fails then we look to lower prices...

Comment

This is now invalid for me.

Too much supply over head, CO selling into ay strength BTC can find

RISK OFF...
Comments
PistonHonda
yes set up is proving to not be great. more volatility with little result to the upside

that supply line is holding well

still within the downtrend
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