Arpil 19 Fractal Overlayed completes Wyckoff

10 thg 9, 2021

Here is the April 19 plunge fractals overlayed. You can see how the fractal bounces off twice off the orange long-term trend line , the "most important line to draw in btc" before going back up to the upper resistance line at 48K before plunging down to 25K and bouncing off the decades old green super long-term trend line .

The fractals line up with all the resistance areas and long-term trend lines too neatly to ignore.

Also, I wrote a few weeks ago with people trying just a bit too hard to compare the price prior to the pump at 29K with the famous Wyckoff accumulation phase.

Well, compare the fractal with the Wyckoff accumulation phase diagram now! Now this lines up with Wyckoff.

10 thg 9, 2021

Ghi chú

school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffaccumulation.png

The "Secondary Test in Phase B" is the pump at 29K, and the "Spring" is where the fractal bounces off the long-term green line.