The rebound has no volume behind it—like realizing there aren’t enough chairs when the music stops in a game of musical chairs.
Wyckoff’s Spring is just what it sounds like: the price breaks below the bottom of a trading range, then climbs back within one or two candlesticks, with buyers stepping in to absorb the selling. It’s more like selling at a discount: sellers are in a hurry to get out, buyers push the price down, and the price briefly deviates from the asset’s intrinsic value. The cleanest signal is a small bullish candle on low volume. A large bearish candle on high volume needs a low-volume retest to confirm it; in a bear market, a Spring is often a trap.
$BTC Current price: 82170.1, up 0.17% over 24 hours. In this slow, grinding market, even a Spring can’t get people moving.
When the Spring is fully compressed, whether it bounces back ultimately depends on whether anyone is truly willing to step in and buy.
Wyckoff’s Spring is just what it sounds like: the price breaks below the bottom of a trading range, then climbs back within one or two candlesticks, with buyers stepping in to absorb the selling. It’s more like selling at a discount: sellers are in a hurry to get out, buyers push the price down, and the price briefly deviates from the asset’s intrinsic value. The cleanest signal is a small bullish candle on low volume. A large bearish candle on high volume needs a low-volume retest to confirm it; in a bear market, a Spring is often a trap.
$BTC Current price: 82170.1, up 0.17% over 24 hours. In this slow, grinding market, even a Spring can’t get people moving.
When the Spring is fully compressed, whether it bounces back ultimately depends on whether anyone is truly willing to step in and buy.