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frankoverwood
Jun 11, 2018 3:41 AM

Bitcoin Wyckoff accumulation, 3 possible paths. 

Bitcoin / TetherUSBinance

描述

Check the bubbles, leave a comment and thumb up if you liked the idea :)

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s3.amazonaws.com/tradingview/snapshots/f/fBN20k6o.png
6hr volume breakout with a tight candle is a good signal, but the LPS in this case is 6450, and thats below the trendline/triangle, not a good spot.

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It reached the LPS and with lots of sell volume, will look for a spring below 6k, remember that 6k is the previous volume stop
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s3.amazonaws.com/tradingview/snapshots/z/zArxriSP.png
long term trend tested + descending wedge, might bounce here, but im not sure if its gonna last.

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btc failed and now is looking weak, capitulation soon
s3.amazonaws.com/tradingview/snapshots/l/LcO7HrPz.png

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patience is key :), not buying here atm.
s3.amazonaws.com/tradingview/snapshots/n/NKSgO2Xn.png

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we are getting very very close, prepare to buy and close your shorts!

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s3.amazonaws.com/tradingview/snapshots/m/MbIHOPgK.png
to be classified as a spring it needs to bounce at 0.5 max 0.618 fib

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we are ready for a pull back, possible new lows.
s3.amazonaws.com/tradingview/snapshots/g/gZxkVaCu.png

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spring retest succesfull
s3.amazonaws.com/tradingview/snapshots/3/33W6Cqe1.png
target 1 is 8k

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this type of spring fits to our price action no.1 - Modest penetration of prior support by lighter volume compared to the volume of prior down moves. Indicates sellers are exhausted. No.1 Springs should be bought immediately.
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iljaguzik
that exactly what we r waiting for, thank you Frank!
iljaguzik
thanks alot, it's as usual good TA
420snoop
nice chart
iljaguzik
thanks alot. watching your TA all time.perfect job.Thanks
frankoverwood
@iljaguzik, thanks a lot :D
karamazov06
The red path, definitely (the same for ETH)

laz.nadjib
Another possible path
eaglepocket
looking sexy
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