CryptoCurb

Bitcoin going through Wyckoff Reacummulation

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin going through Wyckoff Reaccumulation.
Hidden bullish divergences and weak volume sell offs on the way down (supply absorbtion). Could see spring at weekly support ~$8700 before next leg up to ~$11.3k.
BTC /USD BTCUSD #BTC $BTC #Wyckoff #Reaccumulation

- @CryptoCurb

Comments

it's true that sell volume is lower. But so is buy volume. The crypto space shrunk over all. The question is which kind of volume is greater.
+1 Reply
spring came early? any thoguhts @CryptoCurb
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I looked on a few exchanges, and I don't see enough buy volume to support the idea that market makers are accumulating. Maybe the retail investors they're distributing to are accumulating because they think price will rise. If it falls after than, then what we're seeing now would be classified as distribution. How sure are you that whales/market makers are accumulating?
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