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POSINEXA

BTC Back to the Main Trend

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Bitcoin / TetherUS (BINANCE:BTCUSDT)  
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BINANCE:BTCUSDT   Bitcoin / TetherUS
Supply and Demand Chart Patterns Moving Averages BTC BTCUSDT Cryptocurrency wyckoffmethod wyckoffaccumulation LONG buy shortterm midterm
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supplyanddemand chartpattern movingaverage btc btcusdt cryptocurrency wyckoffmethod wyckoffaccumulation long buy shortterm midterm
According to my analytical view, BTC is already in the Demand Zone position, with the Average Price at 38169, and has been rejected on the Daily Moving Average (WMA-1000) line. And also forming the Second Leg of the Wyckoff Pattern (H4 Timeframe). Thus, it’s expected that BTC will return to its main trend, which is going up.
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snapshot
Actually I've saved this image analysis on 15/02/2022, and I'm trying to share it in my current analysis publication.

Hopefully my analysis can be a second opinion. And happy trading to y’all.
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snapshot
Profit target based on Fibonacci Extension tool: TP1 80k (Fib. 1.272) & TP2 92k (Fib. 1.618).
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There is a change in analysis, and this idea is no longer valid. Thank you.
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