TradingView
Moonseekers
Aug 6, 2021 12:34 AM

BItcoin - Wyckoff Accumulation In It's Final Stages! Long

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

2/4 Last Trades Posted (+200% ROI) (eth currently +226%)
Hello & Welcome Back To 420 Investments Today we will be taking a look at #Bitcoin

Time Frame Analysis - Daily (just had a bullish daily close)


Entry – Current Price Action
Stop – $37000
Target - $61,500
Leverage – 7 x
Risk to Reward – 5 to 1

About The Trade (Bullish Set up)

Where is support?
Currently we are looking for a flip of the range highs into support, now this is the final stage of the accumulation phase so shakeouts are expected in this area as it's the last point of supply being drained.
Where is resistance/ Target?
We are Targetting the top of the old trading range if we can reclaim the $44-45k Levels
Candle Stick Patterns?
Bullish daily close just occurred sweeping the lows of the 2 previous days.
Trend Pattern?
Wyckoff Accumulation Schematic #1 Phases & Events

Thanks for Following! Let me know Your Thoughts in the comments
#Bitcoin
#ETH
#CryptoCurrency

Comment

+38% ROI since called yesterday! let's go the bulls

Comment


Fantastic follow up on today's Daily close by the bulls!
Now we look for the reclaim of 45k usd before heading for further upside!
Comments
Moonseekers
Forgot to mention For this Phase - Sign of strength , a price advance on increasing spread and relatively higher volume. Often a
SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
tyrank93
Moonseekers
Bulls Maintaining there strength so far today! 💪💪💪
Let me know if you think we get a big breakout to the upside!
More