#BTC just moved out the supply/demand zone via an upward channel on declining volume to make a new all time high. Came back down to test that supply demand zone and failed that test to no surprise from me. It moved back into that zone and tested another breakout and failed that as well again to no surprise.
On top of that, the RSI failed the test of the bullzone and is now below the EMA and looks like it will fail that test as well.
The good news is
BTC appears to have established its trade range for accumulation and will present opportunities for traders and buy and holders.
#BTC
#Wyckoff
On top of that, the RSI failed the test of the bullzone and is now below the EMA and looks like it will fail that test as well.
The good news is
BTC appears to have established its trade range for accumulation and will present opportunities for traders and buy and holders. #BTC
#Wyckoff
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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.