Eyeofthebhodler

Wycoff looks like its workin out.....

Long
COINBASE:BTCUSD   Bitcoin
Hey folks, it looks like a Wycoff Accumulation is working itself out on the 4h BTC/USD chart. Well see what happens over the next few weeks, but theres a solid price target near 70k for this pattern, at a bare minimum. However, once it breaks ATH, there will definitely be some retail and institutional FOMO that will lead to 100k, which will again, lead to an absolutely massive hype cycle that will take us to some unearthly price. I, for one, am excited. This is just my opinion, and Id be down for someone to critique this, but after seeing it work out, it looks accurate to me.

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.