The last two times we covered BTC /USDT we talked about the Wyckoff accumulation and its different phases.
We now finally reached the last consolidation phase after another night where the 41k$ was broken.
Now we expect some sort of consolidation before we make a brutal move to the upside.
The bears are getting rekt since the recovery from below 30k$.
Additionally we see a golden cross between the 50 and 200MA indicated by the yellow camera symbol.
We also see a consolidation of the above the 50line which could act as a strong spring .
Take care and enjoy the ride.
– Never buy the top/ ATH
– Take profit as long as you can (also partial profit is profit)
– Use Stop/loss for leveraged positions
– If you are not experienced, don’t leverage in the first place
Enjoy the ride and don’t be too greedy.
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– Green lines are tested support lines.
– Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
– Cyan line is for trendline.
– White lines are levels
– Purple lines are we take a look at.
– Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
– Yellow lines are for visual help only.
– Either entry zone or . Check the description.