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Wyckoff acccumulation on HBAR/BTC

BINANCE:HBARBTC   Hedera Hashgraph / Bitcoin
This is an exercise on the Wyckoff accumulation. To be noted that price may retest the lower level of the range (at 382) before moving up.
To estimate the target, I used the counting Wyckoff method (not shown on the chart): .00000361 + (68 bars x 0.00000004 x 3) = .0000118
On the chart, I am showing a more conservative target at .00001 based on the Fibonacci extension of the range ( SC to AR).

I would note that the alts market in general looks in bullish mode against BTC and that the price of HBARBTC is above the EMA200, which would indicate a bullish trend .
Disclaimer: This is not investment advice. If you like the analyses/signals, donations are welcomed.
BTC: 14Yw69sqCZbJ2CHaBMYR8Fe9a82yZfEZWx
ETH: 0x85cED1fd9698356D0D2bac70C58517F69ee32
LTC: LiZVCUNmbSmh1ybeTCdxSEVCZLS3PAeFcN

Comments

Analysis using the Wyckoff 5 phases:
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