BITCOIN, Completes Wyckoff-Test with HUGE PUMP, Next Phases!

Hello Everyone,

Welcome to this Update-Analysis about the Wyckoff-Dynamics I mentioned around two weeks ago. Since my analysis Bitcoin managed to show up with a massive pump in the market and we have seen Bitcoin completing the Wyckoff-Test sufficiently from where the huge volatility dynamics pushed Bitcoin into the Sign-Of-Strength SOS I mentioned in my analysis, which is the most important paramount part of the whole dynamic that has been completed appropriately now setting Bitcoin up to complete the whole Wyckoff-Dynamic as I forecasted it. Especially as other indicators such as a new all-time high in the Bitcoin Hash-Rate and the Hash Ribbon Buy Signal flashed this is a major milestone for Bitcoin to show a massive turning in the market setting up a great shift to complete the whole Wyckoff Accumulation Dynamic. If you did not watch the analysis already I highly recommend it to watch as I am going to link it here.

• Phase D:
  As it can be watched in my chart now Bitcoin completed the most important part of the whole structure, the test, with a solid bounce and exponential pump to the upside pushing above previously established resistance levels at the $21,400 level which was established within the phase B prior to the FTX collapse that pushed the market below previous supports and moved Bitcoin into the phase D. Now as this massive pump has shown up now this means that Bitcoin is officially ready to complete further dynamics and as seen within the structure Bitcoin is now likely to continue with the Last Point of Supply LPSY which has a high likelihood to confirm the $21,400 level as legit support from where more bouncings will arise and especially as Bitcoin now massively bounced above the 40-EMA in blue this will be a valid support level on which Bitcoin will build up moving into further completions of the Wyckoff Dynamics.
  
  
• Phase E:
  Once Bitcoin is building up and bouncing on the 40-EMA in blue together with the $21,400 level as support this means Bitcoin is ready for a bounce that leads to a breakout above the last resistance level given at the $25,200 level which is established within the phase B and the Automatic Rally AR. Once Bitcoin bounced above the $25,500 level this will be a sign that the whole Wyckoff Dynamic has been completed fully and the whole Accumulation is finalized with Bitcoin ready to make higher highs and continue the journey into new spheres not seen before. Once Bitcoin is within phase E and continues to form a new high above-the-range structure this will be a wake-up call for mainstream investors and traders to enter the market and for market participants that were skeptical about Bitcoin and Cryptocurrency during the market crash to enter the market again.
  

Taking all these factors into the consideration now Bitcoin is about to complete a historical Wyckoff accumulation dynamic during a period of uncertain micro- and macroeconomic developments with high inflation still omnipresent, disrupted supply chains, and the danger of a deep recession hitting the economy in 2023. The fact that Bitcoin managed to complete all the main phases of the Wyckoff Accumulation Dynamic and is likely to continue with the finalization of the whole dynamics shows that Bitcoin has the potential for a solid safe heaven inflation hedge during times of economic uncertainty as even the stock market and classical anti-cyclical movers like the stock market did not pump that much as Bitcoin and Cryptocurrency did, in this case, it will be an interesting journey ahead for Bitcoin and the whole Cryptocurrency market to watch out for in the next times.

In this manner, thank you everybody for watching. Let's move forward together.

The information provided is only educational and should not be used to take action in the markets.

Comment:

Origin-Analysis: BITCOIN, Wyckoff Dynamics to Setup HUGE ALTERATION!

Comment: