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Fed02
Jun 9, 2021 9:13 PM

BITCOIN WYCKOFF ACCUMULATION SCHEMATIC Long

Bitcoin / U.S. dollarBitstamp

Description

Wyckoff accumulation schematic.
We are currently in Phase B. (We arrived from a daily distribution schematic)
I'm expecting a spring formed that catches the liquidity below the equal lows and below the selling climax.
Only After that, I can see BTC recovering to at least 50k per coin.

Right Now I am still holding my BTC and will add more with this liquidity scoop during an accumulation schematic.

To trade it, enter long at phase C or E of the Wyckoff schematic.

What do you guys think?

Trade closed: target reached

over 40K reached, UT formed.
Time to test the lows

Trade closed: target reached

Soon we may be looking for longs! (1-4 days)
Comments
datonehomie
Plenty of opportunities to make money here if accurate
Fed02
@datonehomie, that's the beauty of a high timeframe Wyckoff Schematic. Go down to the 15 minute and you're good for the month with a couple of trades!
dhdgxcgdf
Any update, where are we on the chart ?
larsderoo12
@dhdgxcgdf, i would love that indeed
Fed02
@larsderoo12, Still waiting for the big shakeout (Price to reach 26-27K below) and create a lot of fear in BTC. After that if we trade back into 30k is where I will be entering a bigger position. Already added 25% of my at 29.4k position. So I will wait for price to create the spring before launching (Phase E wyckoff accumulation schematic) to 44k+
BurakB_
Good chart.
Fed02
@Burakb1, thank you!
BeeVoVi
beautiful trade! homie <3
Fed02
@pearonlykai, thanks!
ferdinandpakasi07
so now it will form the spring around 27k right?
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