CryptoCafeClub

BTC/USD Wyckoff Accumulation Updated May 2022

BITSTAMP:BTCUSD   Bitcoin
Let me start by saying this is not financial advice and this prediction is purely based Wyckoff Accumulation theory. Current Bearish sentiment and global financial state could change everything anytime so please DYOR before making investment decisions. Also please do not take the price point and timeline literally because this is a pattern prediction.

This prediction is based on assuming BTC has found some support at 30k or in this area which makes an ST in phase B. Based on this, BTC looks like forming the following Wykoff Auumulation patterns -
Schematics 1 - Green
Schematics 2 - Orange

According to Schematics 1 - Spring could be anywhere between 20k to 30k depending on market sentiment and assuming 30k is the ST in phase B.

Penafian

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