Bitcoin schematic formation

Watching the recent BTC moves, we have overlaid both Wyckoff & Elliott to highlight the current situation.

Talking our community through the process - we thought this was interesting and worth sharing here. The example using Bitcoin has been near enough textbook to here.

There are several crosses of interest currently using SPX, DJI & Gold, but the Grayscale pattern clearly shows a bias. Watching closely.




Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Comment:

Well, there we go.

Schematic worked and still playing out.