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Bitcoin Recovery Plan: Possible Wyckoff Accumulation Phase
I am not an expert in analysis of the Wyckoff method, nor is this post financial advice.
It seems that Bitcoin may possibly be in Phase C of a Wyckoff Accumulation Phase. A continuation in price action upward during potential Phase D could signal a reversal in this bear market downtrend. This would coincide with the idea that Bitcoin has already broken above the long-term overhead resistance from the previous all time high on the linear scale.
Again, this is not financial advice. DYOR.
It seems that Bitcoin may possibly be in Phase C of a Wyckoff Accumulation Phase. A continuation in price action upward during potential Phase D could signal a reversal in this bear market downtrend. This would coincide with the idea that Bitcoin has already broken above the long-term overhead resistance from the previous all time high on the linear scale.
Again, this is not financial advice. DYOR.
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