Thijsstrading

Wyckoff analysis Bitcoin (CryptoCaBital)

BINANCE:BTCUSDT   Bitcoin / TetherUS
📈 BTC/USDT (Analysis/Wyckoff)

Lets take a look at Bitcoin from different angle. This is one for the long term and is certainly not wrong to keep in mind. We can see a beautiful increase in price on BTC when this Wyckoff plays out.

This could be an accumulation phase for bitcoin that is now in the B PHASE. From here on it is just a matter of waiting to see which Wyckoff we will follow (# 1 or # 2). It is important to remember that a Wyckoff pattern can take a very long time to finish, which is why this is a long-term vision.
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.