Bitcoin still in Accumulation?

INDEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is still in this Wyckoff Accumulation Pattern.

Feel free to leave a short comment should you habe any questions.

The depicted Wyckoff Pattern should not be put into perspective to the month long Wyckoff Accumulation Pattern!!
This should be more understood as a trading range.
And yes, Wyckoff himself often wrote, that his method works very well for intraday trading as well, as long as you dont mix different Wyckoff Pattern on different time frames.

Im not trading this pattern, but a SOS (Sign Of Strength) and a sucessfull retest afterwards, would be a bullish sign to watch for!


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.