HedgingChaos

BTC Wyckoffian Accumulation

Long
INDEX:BTCUSD   Bitcoin
Here we see BTC following a Wyckoffian accumulation pattern.

If it plays out, right now we're pretty much hovering near the bottom of the movement and a hold from here might see it go lower in shorter time frames, but over longer time frames (days/weeks) should see your allocations rise in value as the wyckoffian move back up to the north side of the range and eventually break-through occurs.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.