BTC and Wyckoff theory
This morning, I dove into the BTC chart to see how well Wyckoff's theory applies. And honestly? I was blown away. I’m not saying this will happen, but the $102,000 level is absolutely critical for Bitcoin to break through. If it doesn’t? Well, let’s just say things could get... messy.
The chart is today’s daily chart. The upper section is untouched, but I’ve adjusted the blue trendlines on the lower part. The magenta section only comes into play if BTC fails to break above $102,000. In that case, we’re looking at a lower high (LPSY). What that means? I’ll leave that for you to figure out.
The chart is today’s daily chart. The upper section is untouched, but I’ve adjusted the blue trendlines on the lower part. The magenta section only comes into play if BTC fails to break above $102,000. In that case, we’re looking at a lower high (LPSY). What that means? I’ll leave that for you to figure out.
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