Bitcoin Wyckoff accumulation, 3 possible paths.

Check the bubbles, leave a comment and thumb up if you liked the idea :)

Kommentera:

s3.amazonaws.com/tra...shots/f/fBN20k6o.png
6hr volume breakout with a tight candle is a good signal, but the LPS in this case is 6450, and thats below the trendline/triangle, not a good spot.

Kommentera:

s3.amazonaws.com/tra...shots/u/UdX0X1YW.png

Kommentera:

It reached the LPS and with lots of sell volume, will look for a spring below 6k, remember that 6k is the previous volume stop
s3.amazonaws.com/tra...shots/w/w1QxyVRu.png

Kommentera:

s3.amazonaws.com/tra...shots/m/mI9ZuyrF.png

Kommentera:

s3.amazonaws.com/tra...shots/z/zArxriSP.png
long term trend tested + descending wedge, might bounce here, but im not sure if its gonna last.

Kommentera:

zoomed out
s3.amazonaws.com/tra...shots/0/0UwjajOC.png

Kommentera:

btc failed and now is looking weak, capitulation soon
s3.amazonaws.com/tra...shots/l/LcO7HrPz.png

Kommentera:

s3.amazonaws.com/tra...shots/z/z4aq68Sl.png

Kommentera:

s3.amazonaws.com/tra...shots/y/YRmt66Jk.png daily bear flag in progress

Kommentera:

s3.amazonaws.com/tra...shots/0/0yRJCh7V.png ready to go 5.5-5.8k range

Kommentera:

patience is key :), not buying here atm.
s3.amazonaws.com/tra...shots/n/NKSgO2Xn.png

Kommentera:

we are getting very very close, prepare to buy and close your shorts!

Kommentera:

s3.amazonaws.com/tra...shots/m/MbIHOPgK.png
to be classified as a spring it needs to bounce at 0.5 max 0.618 fib

Kommentera:

we are ready for a pull back, possible new lows.
s3.amazonaws.com/tra...shots/g/gZxkVaCu.png

Kommentera:

spring retest succesfull
s3.amazonaws.com/tra...shots/3/33W6Cqe1.png
target 1 is 8k

Kommentera:

this type of spring fits to our price action no.1 - Modest penetration of prior support by lighter volume compared to the volume of prior down moves. Indicates sellers are exhausted. No.1 Springs should be bought immediately.