BITCOIN IN MAKING OF WYCKOFF PATTERN
From the chart right now as we can analyze through the pattern, BTC is potentially making a Wyckoff accumulation pattern. It has now entered phase B where we are looking for consolidation before it begins entering phase C and D where we are expecting a push up to resistance level before it continue its bullish momentum.
DISCLAIMER ON!!! This is just my two cents in analyzing Bitcoin's movement. In my opinion, Bitcoin is likely to be bullish in the future as long as it holds its support level. Otherwise, there is a 'Head and Shoulders' pattern which is a bearish indication movement. Hope this information helps among traders in the world!!
DYOR!! GBU!! Goodluck!!
DISCLAIMER ON!!! This is just my two cents in analyzing Bitcoin's movement. In my opinion, Bitcoin is likely to be bullish in the future as long as it holds its support level. Otherwise, there is a 'Head and Shoulders' pattern which is a bearish indication movement. Hope this information helps among traders in the world!!
DYOR!! GBU!! Goodluck!!
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