capriole_charles
Long

Is a Wyckoff "Accumulation" forming on Bitcoin?

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
A Wyckoff view of Bitcoin

Potential "Accumulation" pattern forming.

Intermediate target: ~$7800

My bias is bullish given the weight of fundamental evidence for a bottom. But even if this is a Wyckoff "Re-distribution" (bad) $7800 test likely.

Safest entry is on confirmation.
Jan 06
Trade closed: target reached: Wyckoff target reached. I remain long.
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wow. perfect hit! congrats!
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Thank you, great predication!
Just noticed the NVT seems still high(over 100), would this be a risk to limit BTC to boost from this level?
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Thanks. Congratulation!
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@ferGOD, cheers!
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Thanks !
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@Noldo, my pleasure, pattern seems to be playing out as expected still.
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like a glove, thx bro
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@vamp111, cheers!
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my opinion is that it is a distribution prior to a dump.
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