Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Is a Wyckoff "Accumulation" forming on Bitcoin?
Bitcoin
Long
Is a Wyckoff "Accumulation" forming on Bitcoin?
By capriole_charles
Follow
Follow
Updated
Jan 7, 2020
6
8
14
14
Jan 4, 2020
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 7, 2020
Trade closed: target reached
Wyckoff target reached. I remain long.
accumulation
Bitcoin (Cryptocurrency)
bottom
BTC
Bullish Patterns
buy
Chart Patterns
crypto
LONG
wyckoff
capriole_charles
Follow
capriole.com
Also on:
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
.