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wmforex
Apr 24, 2021 8:57 PM

Analysis of BTCUSD on the 4 hour chart 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin broke an uptrend, and when it breaks 49487, its selling targets are:
47232
And when 47232 is broken, he has broken the Wyckoff drainage stage, so his selling goals are:
- 44726
-41527
-38267
-34283
_______________
If he exceeds 53075, his buying goals are:
-56839
-59522
_______________
My personal opinion:
He broke an uptrend while he was at the end of the Wyckoff discharge stage, and he will break it downwards, so I am in favor selling.

Comment

Ascent ended
Change to sale

Comment

He succeeded in two buying outcomes, and my personal opinion was wrong
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