As we charted out earlier this month, Bitcoin (Day chart) is apparently still following the Wyckoff Accumulation model, and has hit a local top ( of Phase B ) and now declining.
At the same time, we see that the 50d MA has now crossed over 200d MA and diving down - we will now hope BTC price action to bounce off just below the support lines (say around $28K) and the 50d MA come back up and cross over 200d MA to the north, technically that would determine a confirmation for BUY.
At the same time, we see that the 50d MA has now crossed over 200d MA and diving down - we will now hope BTC price action to bounce off just below the support lines (say around $28K) and the 50d MA come back up and cross over 200d MA to the north, technically that would determine a confirmation for BUY.
