BTCUSD - Bitcoin reaccumulation schematic

2020年8月26日

Bitcoin is following a similar Wyckoff reaccumulation pattern to the previous 82 day range it held from beginning May to near end July. This time it's doing it over a more compressed time frame, circa 40 days. Likely trade sideways until 4th/5th September before heading higher.

2020年8月31日

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2020年8月31日

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Looks like one more test down, before moving sideways and then up over the creek. Possible breakout 2nd week in September.

2020年9月1日

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Looks like the breakout may have started, crossing over the downward sloping resistance or creek. Watching very closely now to see where we finish on the 12 hour/one day.