Bitcoin - consolidation for this weekend (symmetrical triangle)
Bitcoin - consolidation for this weekend (symmetrical triangle).
Bitcoin has dropped below the SOW level. According to the distribution scheme of the Wyckoff, we have the LPSY level. As the price usually consolidates on weekends, I predict a certain formation. Moreover, there is no recovery from the recent declines.
At 1h, you can also see that there is a divergence, which also indicates the need to rebound the declines.
Bitcoin has dropped below the SOW level. According to the distribution scheme of the Wyckoff, we have the LPSY level. As the price usually consolidates on weekends, I predict a certain formation. Moreover, there is no recovery from the recent declines.
At 1h, you can also see that there is a divergence, which also indicates the need to rebound the declines.