$BTC A miracle appears, should we take profits at the current stage!

After a period of upward accumulation of BTC in the price range of 93k - 97.5k to create the reason for BTC to enter the price push phase (phase E according to WICKOFF), we currently see continuous cash flow coming in with successful attempts in the last 2 sessions. This prevents the scenario of a bull trap after periods of sideways price movement with low volume (supply test phase) from occurring.

According to WICKOFF, during phase E, the price increase of BTC will be very difficult to break if there is not a strong enough supply force that overwhelms the demand of the organizations pushing the price before. This outpouring of supply is reflected in the chart by trading sessions with huge price increases or decreases that overshadow previous sessions, similar to the supply outpouring sessions on 29/10/2024 or 12/11/2024. At that time, we will know that BTC will go through a new phase, which could be re-accumulation or an immediate bull trap (if a sideways price area appears after the supply surge).

However, at the current stage, we have not seen any signals occurring, so the upward process in phase E of BTC will continue to rise according to the law of supply and demand, as the current demand is extremely strong with continuously increasing volume.

And if you haven't entered long positions yet, you can still look for opportunities to enter trades; however, during the upward process of BTC, always be cautious of signals indicating an outpouring of supply, as mentioned in my previous post.

And when choosing between BTC or altcoins at the current stage, it is advisable to select altcoins that are forming accumulation patterns at the peak.