Bitcoin / Tether
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wyckoff accumulation (spring phase?)

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posted this scenario the other day via 👇

Sign of strength? (Wyckoff accumulation?)


if wyckoff is going to pull through, it's going to be from this lower area.

not sure about a target yet, would have to see the kind of wave structure we're in after this bounce.

stop-loss below the green box, a break below that area would invalidate this scenario & take btc into bears paradise.

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gg.
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btc 12-11 update
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i think i figured out what is going on, and it's actually quite perplexing \ i haven't seen anyone else talking about it yet.

i'm projecting a move to 57~60k in the coming weeks, but not before some more chop in the local region that we're in. will share an update tomorrow morning, just want to see the overnight price action to confirm my bias.
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