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A wild BTC short swing trade appeared.

Corto
BITMEX:XBT   Bitcoin
Forget about lagging indicators. That is retail mindset. Join us. Price action with Wyckoff is all you need in this jungle.


Hi there people! Today we come with a surely requested analysis on BTC. A lack of liquidity is always troublesome when it comes to analyse something using a wyckoff approach, but all assets tend to expose their secrets sooner or later. Let's take a look in this short oportunity on the 4hr, that will develop most likely in the next days. This is a swing trade, so execute with patience, as always.

Do you remember that little zone of support when the magnificent drop took place? Yes? Well, it took us some effort on the last days but we finally reached it..... now, what does the price action tell us? Analyze carefully.

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"Successful chart reading is a study of Force. It requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side", Studies in Tape Reading, Richard D. Wyckoff

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