Looking at the hourly BTC chart it looks like there’s a Wyckoff Accumulation Schematic playing out (Google it if you are unfamiliar). So far BTC has hit all the major stages and events such as selling climax (SC), secondary test (ST), Test and seems to be in phase c at the moment. I know that TA alone is not really helpful when it comes to price movement predictions. However, sometimes it helps to assess the potential direction of an asset. Having said that, if BTC will complete the text book Wyckoff Accumulation Schematic the price will rise again and BTC will continue its uptrend. If BTC breaks the ~$92k level, however, then the Wyckoff Accumulation Schematic has been invalidated. What do you think?
submitted by /u/_—-OoO—-_ to r/CryptoMarkets
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