Tradeonesia

BTC - Wyckoff Accumulation seems to be happening.

Long
Tradeonesia Updated   
CME:BTC1!   Bitcoin CME Futures
A recent 50% drop, Elon's tweets, massive head and shoulders and a death cross make everyone turn bearish as a result Fear and Greed index dropped to 14 last week, meanwhile big boys are reaccumulating. If you look at CME BTC chart you'll see an almost perfect (AR, automatic rally should be lower then the next HH) Wyckoff Accumulation happening on all of the time frames from 3h-12h. If it plays out it might give some fuel to the short squeeze that many expect. Even if we are in a bear market there will be bounces on the way to the bottom and the current set up might actually provide one.


Comment:
Failed :(
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.