BTCUSD - Bitcoin reaccumulation schematic

26 Ogo 2020Bitcoin 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.

31 Ogo 2020

Komen

31 Ogo 2020

Komen

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

1 Sep 2020

Komen

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.