In the Bitcoin/USD chart, the formation of a Wyckoff Scheme No. 1 is hypothesized, and prices are in the final stage of maximum opportunity, known as the “Back Up To The Edge of The Creek (BUEC)” area


With the retest of the “Creek,” the chart pattern appears to be completed and confirmed. If there is a potential breakout above $31,000 with at least a daily timeframe (TF) closure, it would confirm the path to the indicated minimum and maximum targets ($39,500 and $45,452).


Although the moment of maximum advantage is represented by the test that occurred at the “Edge of The Creek,” theoretically entering at the breakout of $31,000 still appears to be interesting, considering the targets, with a stop loss placed at $23,500.

Please note that the information provided is not financial advice. It’s important to conduct thorough research and consider consulting with a financial professional before making any investment decisions.

Figure 1