Wyckoff, not Wyckoff, it all looks like a series of rejections from important levels. There was a time recently when I thought btc had a chance to recover. The volumes picked up a little but these recent rejections are a bad signal for the near future.
Today's drop was clearly visible to come on ETH chart - which had a rising wedge and divergences on both RSI and AO. And now it just looks like it's the top of the bounce and it's going down again.
Sorry for all the extra lines - I use them for the ranges.
Today's drop was clearly visible to come on ETH chart - which had a rising wedge and divergences on both RSI and AO. And now it just looks like it's the top of the bounce and it's going down again.
Sorry for all the extra lines - I use them for the ranges.
Kommentera:
Kommentera:
Kommentera:
Interpreting price action and patterns without volumes is just ineffective to say the least. Always watch the volumes. It's the only other information (apart from the price) that is available to the naked eye.