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.