Hi all! In view of some important market movements, I would like to share with you the analysis that I can do about the currencies that you want, I am based on the philosophy of Wyckoff and my intention is that we can all make a great feedback on the analysis of the market . I say the why and so we all participate, this is not to give signs or advice of Trading, my intention is that our financial education increases every day more, I am no expert, but I think I can contribute.Well I hope to have published this thread in the correct Topic =)
Analysts are always welcome here.
So what's your outlook on the BTCUSD market, especially longer term? Do you think the current price action fits a particular Wyckoff schematic?
Usually when someone opens a thread like this, they share some analysis.
Of course, the long-term analysis is the most recommended, if you see, we are according to Wyckoff in a clear stage of Accumulation, and specifically leaving the Spring Zone, there was a small bullish rally. As I see the market, you see that the market moved with a high volume, which means that even people or operators do not want to sell at that price range, in my opinion it may reach the 4200USD and lower or a small recession to go to the liquidation zones in 3600USD, this from what I see in the Volume, in the long term there may be a lateralization and a possible bullish rally, but I see it somewhat distant, because the idea of the Accumulation Stage is that eliminate the Floating Offer, so that the price rises without Volume, if it starts to rise without Volume we could be facing a possible upward trend.
What do you think about it?