BTCUSDT Wyckoff Accumulation - Sign of Strength (4h)
I Think what we see right now is already the sign of strength within a Wyckoff Accumulation. I Think it makes sense that BTC runs through patterns faster than Stocks, as the whole crypto market is much faster and more volatile!
Also the number of Bitcoin Shorts is through the Roof, wich means the could be a HUGE short-squeeze pumping the price like crazy.
The Volume steadily declined to the Spring and slowly inclined from there. There is no selling Volume from the recent Top. The recent little Fakeout to the top also had significant Volume.
RSI is on generell uptrend since the beginning of the Wykoff Acc. phase.
Also the number of Bitcoin Shorts is through the Roof, wich means the could be a HUGE short-squeeze pumping the price like crazy.
The Volume steadily declined to the Spring and slowly inclined from there. There is no selling Volume from the recent Top. The recent little Fakeout to the top also had significant Volume.
RSI is on generell uptrend since the beginning of the Wykoff Acc. phase.