Hello, traders!
We applied Wyckoff cycle analysis and now it is important moment for the BTC price action.
All main Wyckoff events have already occured. There was a triple secondary test of the support area and it is high probability that all supply have already absorbed by the demand. The price growth even on low volume proves this assumption.
Now we can see the price is in range between R1 pivot and the resistance levels. It looks like the sign of strength is forming. If the level of $38100 acts as a strong support we can see the further massive growth according to Wyckoff reaccumulation.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
We applied Wyckoff cycle analysis and now it is important moment for the BTC price action.
All main Wyckoff events have already occured. There was a triple secondary test of the support area and it is high probability that all supply have already absorbed by the demand. The price growth even on low volume proves this assumption.
Now we can see the price is in range between R1 pivot and the resistance levels. It looks like the sign of strength is forming. If the level of $38100 acts as a strong support we can see the further massive growth according to Wyckoff reaccumulation.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
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Penafian
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.
Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
Penafian
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.