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Technical analysis by SensumCommunem about Symbol BTC: Buy recommendation (10/5/2024)

https://sahmeto.com/message/2877289
SensumCommunem
SensumCommunem
Rank: 20556
1.4

Potential Wyckoff reversal pattern BTCUSD

Buy
Price at Publish Time:
$62,103.51
Profit Target:
(+12.60%)$69,930
Buy،Technical،SensumCommunem

Hi everybody. I want to pick your brain about my swing trade / position trade entry idea on BTC. Investment thesis:FUNDAMENTALS:Long Term: Liquidity expanding + China Stimulus / Raoul Paul GMI concepts. Time based: End of quarter rally + cycle stage should come with a rally.TECHNICALSWeekly: FVG in Support tested several times. Daily: Daily wicks and Bullish FVGHourly: Wyckoff (sort of) strucutre: Sell climax + penetration + BOut Res + retest RR: 3:1 approx.This worked out great. Not a text book Wyckoff but the panic selling of 10/2024 and quick reversal gave even more strenght to the analysis

Source Message: TradingView
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