In the you can find an approximate scheme of accumulation - distribution (The Wyckoff Method), and I highlighted its application in ovals for an illustrative example.
A bit of history below (for a clearer understanding)👇
According to Wyckoff, the market can be understood and anticipated through detailed analysis of , which can be ascertained from studying price action, and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.
Don't rush to run long on Bitcoin yet, it's likely, that the growth will continue, but now we need to get confirmation!
In the meantime, the altcoin season continues🚀
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Always sincere with You Rocket Bomb🚀💣
check my latest posts on VET & XLM.
But me as well is worried about correlation BTC - ALTS.
I agree with rocketB but I see altseason end of MArch begin April.
We will see ...