mycotoxin

BTC - Expecting a move to the 17655 to 16168 area

BITSTAMP:BTCUSD   Bitcoin
This looks suspect to me , because if we apply Wyckoff to the current setup then the FUT ( Failed Up Thrust ) area is a rejection and BTC should make a lower low.

Hence id expect BTC to at the minimum touch the area between 17655 to 16168 area. This move down has not occurred yet and I'm expecting it will play out shortly

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.