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Bitcoin Wyckoff Accumulation Schematic Building Up!

dd4l088

Published: 01 Aug 2021 › Updated: 01 Aug 2021Bitcoin Wyckoff Accumulation Schematic Building Up!

Bitcoin Wyckoff Accumulation Schematic Building Up!

Bitcoin Accumulation

Seems like Bitcoin is going through a Wyckoff's accumulation schematic, meaning that money is being transferred from weak to strong hands, preparing for what seems to be a nice bullish push.

However, there are still signs of volume injection to be seen, so I would wait for the final spring before considering buying long term. As a consequence of this, we should expect a drop in price soon to form that final spring and could also take advantage of this if we are trading instead of investing.

Let me know if you agree in the comments!

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