Here i am puttihng the bear flag idea in the wyckoff accumulation idea so its in one nice post by itself. Bear flag/rising wedge has declining volume indicating a dump may happen, the stochastic RSI is overbought curving down, MACD losing buying pressure and RSI has bearish divergence which is a bit hard to see. I would expect support on the 1.618 Fibonacci retracement from 28.8k to 69k which is super close to our price range, and it would match up perfectly for a Spring in wyckoff accumulation. And a massive, short squeeze could also form.
Trade closed: target reached:
WOW!! IT WORKED!!!!
"Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume."