Hello, traders!
We applied Wyckoff cycle analysis and now it is important moment for the BTC price action.
All main Wyckoff events have already occured. There was a triple secondary test of the support area and it is high probability that all supply have already absorbed by the demand. The price growth even on low volume proves this assumption.
Now we can see the price is in range between R1 pivot and the resistance levels. It looks like the sign of strength is forming. If the level of $38100 acts as a strong support we can see the further massive growth according to Wyckoff reaccumulation.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
We applied Wyckoff cycle analysis and now it is important moment for the BTC price action.
All main Wyckoff events have already occured. There was a triple secondary test of the support area and it is high probability that all supply have already absorbed by the demand. The price growth even on low volume proves this assumption.
Now we can see the price is in range between R1 pivot and the resistance levels. It looks like the sign of strength is forming. If the level of $38100 acts as a strong support we can see the further massive growth according to Wyckoff reaccumulation.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
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Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.