ive been studying wyckoff for some time now and this market structure on btc looks like a real wyckoff. wyckoff is all about market structure and as you can see btc lines ups with what we need to get our mark up to 50k... if this "spring?" holds at 31k then we may have a nice uptrend forming...
Wyckoff is supply & demand, volume & price action. Where is the volume
lungelo612
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@jalapablo what do u mean by volume, I don’t understand?
jalapablo
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@lungelo612, Volume is the vertical bar indicator beneath the price action showing how much was bought or sold
Marioheard
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@lungelo612, volume...hes waiting on volume....lol
DanMayes
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If there’s been a spring it would almost certainly be that dip down below 29k that was immediately bought with volume. Then this right here would be the test, down to around 30k. Not sure that’s what’s really going on but that’s the best fit
Marioheard
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@DanMayes, i concur mate.... thats what see as well now we are in a wyckoff accumulation on one hr tf headed towards higher tf order block at 30k....