#WyckoffMethod #TapeReading #TrendAnalysis #Forecast #BitcoinSignals
As Bitcoin completes the 'Spring' action in Phase C of the 'Price Structure' which acts as the 'last test of the demand' price advances into Phase D of the trading range. We now want to see a 'Change of Character' with a 'major sign of strength' confirming Phase D and giving us the opportunity to locate another low risk entry point within the 'price structure'.
Entry 2 on this chart is the point at which the price action if it advances will return to the greater trend and if we are able initiate a position we can aim for at least a 3R return from the (presumed) price level of 'Entry Point 2'
As Bitcoin completes the 'Spring' action in Phase C of the 'Price Structure' which acts as the 'last test of the demand' price advances into Phase D of the trading range. We now want to see a 'Change of Character' with a 'major sign of strength' confirming Phase D and giving us the opportunity to locate another low risk entry point within the 'price structure'.
Entry 2 on this chart is the point at which the price action if it advances will return to the greater trend and if we are able initiate a position we can aim for at least a 3R return from the (presumed) price level of 'Entry Point 2'