๐ Price is now being squeezed between major trendline support and ATH resistance (~110K) โ forming an apex structure, typical of Wyckoff Phase D โ Phase E transitions.
๐ง Wyckoff Structure So Far:
Phase A/B/C: BC โ ST โ UT โ Spring โ LPS
Phase D: Multiple SOS rallies followed by a BU (backup to edge of creek)
Now: Testing the upper boundary of the range again โ is this the launch point for Markup (Phase E)?
๐ผ Bullish Breakout Conditions:
โ 4H close above 110,625
โ Rising volume above 27.4K MA
โ RSI > 60
๐ข Targets:
TP1: 116,199 (measured move from pennant)
TP2: 117,449โ118,237 (Fib confluence zone)
TP3: Trailing TP with 1.0% callback
๐ฝ Bearish Breakdown Risk:
โ Close below 107,867 with RSI < 45 + rising volume
Would signal failure of the BU and reversion toward:
BC: 105,863
AR: 100,678
๐ Indicators:
RSI: 55.77 (neutral/bullish)
Volume: Still below average โ shows compression
55 SMA: 107,762.7
BB Midline: 108,653.9
โ๏ธ No hedge short entry valid yet
Let the apex resolve โ patience until confirmation.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTrading #TechnicalAnalysis #BTC
๐ง Wyckoff Structure So Far:
Phase A/B/C: BC โ ST โ UT โ Spring โ LPS
Phase D: Multiple SOS rallies followed by a BU (backup to edge of creek)
Now: Testing the upper boundary of the range again โ is this the launch point for Markup (Phase E)?
๐ผ Bullish Breakout Conditions:
โ 4H close above 110,625
โ Rising volume above 27.4K MA
โ RSI > 60
๐ข Targets:
TP1: 116,199 (measured move from pennant)
TP2: 117,449โ118,237 (Fib confluence zone)
TP3: Trailing TP with 1.0% callback
๐ฝ Bearish Breakdown Risk:
โ Close below 107,867 with RSI < 45 + rising volume
Would signal failure of the BU and reversion toward:
BC: 105,863
AR: 100,678
๐ Indicators:
RSI: 55.77 (neutral/bullish)
Volume: Still below average โ shows compression
55 SMA: 107,762.7
BB Midline: 108,653.9
โ๏ธ No hedge short entry valid yet
Let the apex resolve โ patience until confirmation.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTrading #TechnicalAnalysis #BTC
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.