BTC/USD Showing Signs of Wycokoff Accumulation on 15min chart.

2024年12月23日

BTC is starting to show the signs of a Wycokoff Accumulation pattern on the 15 min chart. I think it is too early to use it to make a trade as the general market sentiment is unknown when New York trading opens up on Monday. If the S&P 500 and other exchanges open down on Monday I would not expect this pattern to continue and BTC could move down further.

If you look at other Alt coins such as ETH and LTC you will see a similar pattern but the S&P 500 chart look poised to open down on Monday so I am personally not trading any of these patterns until more information comes it.

Trading carefully. End of year trading is always a wild card.

2024年12月23日

註釋

Note: I'm also not seeing the volume needed to mark a bottom to this downward move in BTC. There is no max fear yet in the market.