mroberts1204

Bitcoin Wyckoff Accumulation Path

Long
mroberts1204 Updated   
BITFINEX:BTCUSD   Bitcoin
If we assume that bitcoin just experienced a "Wyckoff Spring" and is in the middle of Wyckoff Accumulation then this is a way to visualize what may happen in the coming days/weeks. Conversely, if bitcoin is unable to remain above the new low (the "Spring"), then this schematic is invalid and is likely re-distribution and significant downside remains. Stay flexible and good luck!
Comment:
Looks like we just got our test. So far so good if bitcoin can hold this level.
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