Possible wyckoff accumulation on the 4hr. Automatic rally (AR) just finished. May head to the downside towards the lower 70xx's for a secondary test(ST).
There is a strong downward resistance from the local top at 9900. If successful the pattern could make for a breakout and retest of the breakout for a spring or last point of support (LPS). Looking to short around the upper 7400s/lower 7500s which would be a retest of the previous breakdown of the rising wedge.
For more information on wyckoff:
stockcharts.com...school/doku.php?id=chart_s...
For an exchange to short/long bitcoin:
1fox.com/?t=mg
There is a strong downward resistance from the local top at 9900. If successful the pattern could make for a breakout and retest of the breakout for a spring or last point of support (LPS). Looking to short around the upper 7400s/lower 7500s which would be a retest of the previous breakdown of the rising wedge.
For more information on wyckoff:
stockcharts.com...school/doku.php?id=chart_s...
For an exchange to short/long bitcoin:
1fox.com/?t=mg
Trade closed: stop reached