Wyckoff Accumulation pattern
appears to have formed
after the Spring ... it theoretically should have a strong move breaking previous resistance ... where it should stall
Before gathering new energy for the move to the key number of $100
appears to have formed
after the Spring ... it theoretically should have a strong move breaking previous resistance ... where it should stall
Before gathering new energy for the move to the key number of $100
Trade active
Beautiful weekly candle engulfing previous week
and taking out candles from June ...excellent
The move to $40 could be quick...
Trade active
well done to all who playedNote
There is a head and shoulders on this chartwill it trigger?
will it perform?
The log target is mid 40's
Thats a long way back down form $128
But would be a great are to get back in
as a Resistance / Support flip
these volatile "assets"
still need to be treated as HIGHLY speculative instruments
(bitcoin included)
Have a plan
trade to the plan
Note
Back on support it's block time to ride this again
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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.