Technical analysis by tapeshark about Symbol BTC: Buy recommendation (5/6/2024)

#WyckoffMethod #BTCUSDForecast Following on from yesterday's trend analysis the reaccumulation trading range on BTCUSD is beginning to take shape (most prominently) on the 15 minute chart (30 minute chart shown) where the POC is within the centre of the trading range. Irrespective the 30 minute POC (shown) is acting as support confirming the bias of the trading rangeWhat I would like to see is how Bitcoin tests the 4 hour SMA in Phase C or D in the forecast development of the trading range in order to identify a 'Point of Entry' to initiate a long trade.