Bitcoin Wyckoff Accumulation is still intact

in #bitcoin6 years ago (edited)

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Commentary

We are very beautifully running the course of the Wyckoff Accumulation pattern. The current pull back to 6,450 is very healthy for this bullrun as buyers take a break to test the supports before entering into positions again for the next wave up.

If we have any weekly close above 7,800 then FOMO may begin to come in at a very fast pace.

I would begin to worry if 6,100 support is broken. Any level above this will be bullish to me.