I have been tracking this chart for a while and have posted it a couple of times in the past (Links below this post) . In the last update we saw a rejection from the 3D breakout line and BTC.D was testing the Buildup support, which was held and resulted in a move to the upside. Right now, BTC.D is again testing the 3D breakout level and following are the...
Accomulation: Wyckoff Events on Bitcoin
i really think that this pattern will play out for 4 different reasons:
1) if the price goes to 22k it will retest the 200 WMA (the level that has been retested every bear market)
2)from a market maker's perspective,this is the most effective way of taking liquidity from the market
3)the movements will be amplified given...
