Wyckoff pattern is often seen when there´s institutional money on the market. That spring is made on purpose in order to scare away weak hands. It´s also possible to see that when the price broke the 50k support it fell to 30k but it busted through the 30k level and rapidly came back. This is often regarded as the accumulation phase and institutional buyers are causing the FUD in the market. If the pattern repeats itself we might just have seen the bottom of this dip in that spring.
JUST HODL.
this is not financial advice.
JUST HODL.
this is not financial advice.