Rilez

Wyckoff Accumulation Part 2!! Bitcoin to the moon soon!

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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This is Part 2 from my last wyckoff accumulation I did on the 4h time frame. I did this one on the 3 day time frame and you can clearly see capitulation from 12.9k down to 6k where we form our SC then make a violent V bottom that everyone is waiting for back up to 11.7k where our AR is formed. After that we fall down to 6k for a second time where we form our ST in phase B. Now we are currently in phase c of accumulation and have bounced off 6k again and I expect this is the start of the spring up to $8,500 retest and if we break that it will confirm the wyckoff accumulation. In phase D we will then re test 10k and 11.7k and if we successfully break those we will enter SOS phase Sign of strength phase before moon to 20k retest! In conclusion I am bullish and will only turn bearish if failure to get to or break $8,500 happens. This is not financial advice just education. Cheers good luck.

Comments

I would like to see it touch $2873 before going back up
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NhomMinart Msparky
@Msparky, 28 in october lol
+1 Reply
NhomMinart Msparky
@Msparky, cant see unfortunatley :D and jk anyways :D
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Have the same scenario in my mind. I'm taking profits on every major resistance though, don't want to just rely on blind faith :p
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Rilez mezase
@mezase, Yeah not a bad idea if you have the time to trade low time frames. Lock in unrealized profit on the way up.

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