Fidel_Cashflow

Wyckoff Accumulation

BITSTAMP:BTCUSD   Bitcoin
BTC just broke out of a massive bear flag, and while the target price for that flag is much lower, I'm not convinced it will fulfill it. We can see that a slightly ugly Wyckoff Accumulation occuring, which signifies a bottom. Since there are competing signals, I am not going to trade this, but this formation is a strong one and worth pointing out.
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