🚨$BTC UPDATE🚨
So, let's clarify what is happening, what should we expect from Bitcoin?
🔥Globally:
During the day, as previously mentioned in the review, we see the Wyckoff reaccumulation scheme, but there is one BUT. The movement indicated as SPRING, in previous reviews, turned out to be just a general ST in B.
❓What does this all mean?
This means that we can go down to the area of 53,000 per Bitcoin.
In order to form an ideal SPRING, wipe out all unnecessary passengers with fear. And then fly off to the crossroads.
Please note that we have not yet certified the average of either the weekly or monthly imbalance.
With this formation of SPRING, we can fill the middle of the monthly imbalance, which serves as very strong support, and without leaving the nearest magnets, we can calmly fly to the peak.
🔥Locally:
We can notice accumulation according to Wyckoff, now we are in phase B, namely, it forms a deviation from below the range, I assume that the end of SOW in B will be when the price pricks the middle of the weekly imbalance, then it is expected to return back to the range, to cover the minor imbalance , and then the formation of spring in the accumulation scheme.
Please note that spring has two phases that coincide with each other.
⚠️I hope there are no questions left, if you don’t understand something, ask.
