WyckoffMode

BTC: Transition From Phase C to Phase D of Distribution

WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
Hi Everyone! The indicators in multiple groups of time frames suggest we may be on the verge of a transition from Phase C of Re-Distribution into Phase D of Re-Distribution with a "Sign of Weakness" event. This "Sign of Weakness" may take us down to a price range between $22,550 to $21,550; within the Orange Shaded area on my Wyckoff 2.0 Schematic chart.

As you may very well know; the SEC in the U.S. is wreaking havoc on crypto currencies at the behest of "corrupt" Central Banks around the world. These Central Banks know their FIAT "system" is about to be exposed to everyone in regard to HYPER inflation. They desperately need an "event" to distract everyone. Hence, the reason many corrupt governments are trying to start another world war. They need a BIG EVENT to blame the failure of their "system" on.

REMEMBER: We are currently working on a "Sign of Weakness" in Phase D of RE-Distribution. However, do "not" forget we anticipate another "Sign of Weakness" event in Phase E of RE-Distribution. Which will fall even lower than our "Sign of Weakness" in Phase D. Our "Sign of Weakness" in Phase E is "when" I expect the central banks and governments "create" the "event" they need in order to blame the destruction of their "system." It's that "event" in which we should see our "Sign of Weakness" in Phase E of our RE-Distribution period.

Here is the Mid Term Group of Time Frames: In particular, I want you to note the Yellow B-Band Basis in the 15-Day, 16-Day, 17-Day, 18-Day, 19-Day, 20-Day and 3-Week time frames. This is where I anticipate our "Sign of Weakness" in Phase D to fall.
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Simply a reminder of our 3-Week time frame indicate we have significant risk of falling "down from" the Magenta UPPER B-Band toward the Yellow B-Band Basis at $22,545.
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In case you missed it, this is a LIVE stream update I provided a few hours ago: www.tradingview.com/streams/axMD6kaXGe/
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One of Two Scenarios yet to be determined. Either RE_Distribution during Phase B and Phase C of MACRO Accumulation; which created a Two Tiered Accumulation Schematic.

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We are in Phase E of a Descending Wedge Accumulation Schematic.

Here is RE-Distribution during Phase B and C of Macro Accumulation:

Here is a Descending Wedge Accumulation Schematic:

The two charts above will be discussed soon; along with what is seen in the indicators in multiple time frames.
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