Hello everyone ! Probably you see the wyckoff accumulation phase from other analysis, if not you can google it and find it very easily. According to it, we can still see a test of 31 K levels, since spring stage has passed. 4 hourly closings below that levels invalidate this method. In the foloowing times, resistances to watch will be yellow one which created descending triangle with trowback. The other one is blue line - channels upper line-. We need daily close above that level, see the attached BTC image.
Hopefully we would be in LPS (Last Point of Supply) phase for incoming days.
Fear was 10 and today it is 14 in crypto fear & greed index.
Funding rates are negative and shorts are much more. Every time, expectations' opposite came true for months, we will see in a few days, if this happens again :)
Have a nice day !
Hopefully we would be in LPS (Last Point of Supply) phase for incoming days.
Fear was 10 and today it is 14 in crypto fear & greed index.
Funding rates are negative and shorts are much more. Every time, expectations' opposite came true for months, we will see in a few days, if this happens again :)
Have a nice day !
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