Which part of the Wyckoff method are we in now? by jondoe

bitcoin · @jondoe · Sep 5 '18

$4.89

Which part of the Wyckoff method are we in now?

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<p><em><strong>I had been thinking we were just starting to break out of the oversold area and into the markup phase on BTC:</strong></em></p>
<p><em><strong>https://d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffpricecycle.png</strong></em></p>
<p><em><strong>Though, after today's steep sell off, I am not really sure what to make of the charts.</strong></em></p>
<p><em><strong>Did we just experience a bull trap and we are about to go down and make lower lows?</strong></em></p>
<p><em><strong>We can't be overbought already can we?</strong></em></p>
<p><em><strong>If not, we likely need to hold here and start to head back up pretty soon.</strong></em></p>
<p><em><strong>What do you see based on the charts?</strong></em></p>
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👍 jrcornel, brian.rrr, treyball, epan35, jondoe, corndog54, hesaid, yogeshyogi

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