Accumulation Phase with Bitcoin - Wyckoff

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is in Wyckoff Schematic #1 Trading Range, it has bounced from the Spring at around $5800, and we'll continue to go higher.

Our two main resistences on the way up are:

(1) $6600
(2) $7000

$8000 will be our bull trigger. If we go above $8000, I believe we're going for much higher levels, and if we get rejected at $8000 we'll go towards lower levels down to potentially $5000-$5400.


I was thinking exactly the same thing. Nicely put on the chart.
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