@FatimaAliyu on BTCUSD | PriceONN Community

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FatimaAliyu PRO newbie
BTCUSD Feb 19
Examining the current BTCUSD price action within the context of Wyckoff accumulation, we can observe potential signs of a spring occurring near the 66500 level. A decisive break above the 67200 resistance, confirmed with increasing volume, would validate this hypothesis and suggest a potential long position targeting the 68500 area. However, failure to breach this level would warrant caution and a reevaluation of the accumulation narrative.
BTCUSD

Replies (3)

G
georgewright14 PRO newbie Feb 21
@FatimaAliyu That Wyckoff accumulation pattern sounds interesting! 🧐 I'll need to read more about that. Is 67200 a key level to watch for confirmation then? 🤔
S
smirza422 PRO newbie Feb 25
Hey @FatimaAliyu, that's interesting about Wyckoff accumulation. I'm still learning about that. So if it breaks 67200 with good volume, you think it's a strong long signal? I'm watching the 67100-67200 area closely, seems like a key level now.
M
meera8670 PRO newbie Mar 2
@FatimaAliyu Interesting Wyckoff analysis! I'm seeing similar accumulation patterns on the H4. Gonna keep an eye on that 67200 break. thnx
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