BTCUSD (BTC) and SPY tracking EBAY's Wyckoff Accumulation
Potential Re-accumulation on SPY and Accumulation on BTC
Strong similarities in horizontal levels of support and resistance for SPY and BTC when tracking versus EBAY's accumulation phase:
Selling climax (1), double top (2, 3, 4), secondary test of lows (5), test of double top neckline (6), then down to a new low into a spring (7), then onto mark up.
Looking for a spring on both to confirm upward trend.
Strong similarities in horizontal levels of support and resistance for SPY and BTC when tracking versus EBAY's accumulation phase:
Selling climax (1), double top (2, 3, 4), secondary test of lows (5), test of double top neckline (6), then down to a new low into a spring (7), then onto mark up.
Looking for a spring on both to confirm upward trend.
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