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Worth_The_Ri5k
Sep 6, 2021 6:40 AM

Wyckoff Accumulation Schematic #2 - Template - ATOM/BTC Long

Cosmos / BitcoinBinance

Description

Amazing example of a Trading Range following Wyckoff Schematic #2.

In an accumulation range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply of the asset eventually as sellers become exhausted it pushes the asset into a Demand phase where price increases rapidly.

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For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners.

school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method

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See my last Bitcoin Wyckoff Accumulation chart (Schematic #1):

Comment

This is my update for atom (secondary perspective)

Its following Wyckoff plan to perfection currently, this is another bullish perspective im looking at Head & Shoulders Failure

Comment

Example:
Comments
JiqqAlKhal
Looks like this is invalidated?
Worth_The_Ri5k
@AkhandQtiyaapa, Still not invalidated although looking weak

Full invalidation is below the range for me, Im happy to buy more ATOM if it drops.
bowlofoatswithberries
think that this has crossed to the dark side of the LPS?
Worth_The_Ri5k
@bowlofoatswithberries, Still holding some ATOM, and if it drops lower i will happily grab more.
bowlofoatswithberries
@Worth_The_Ri5k, I haven't set a SL for atom. potentially still in phase C of the Wyckoff
alwaysgreener
Well done
Worth_The_Ri5k
CryptoUnited_420
I agree. Atom/Btc has gone past the VPVR PoC. If volume comes in.. I simply cant see the resistance.
Worth_The_Ri5k
@CryptoUnited_420, Once it gets going again should do quite well.
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