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BTCUSD 1W Wyckoff Reaccumulation

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Roman Bogomazov, one of the great Wyckoff analysts, discusses that this pattern of "Reaccumulation After Decline" is the weakest of reaccumulation patterns.
I personally take this with a grain of salt when discussing the crypto markets. A bunch of tulip-freaks, we are.

As we can see from results, the market tests and price markup were textbook examples.
Based solely on volume , it appears as though the big shares may have reached their targets and are offloading.
Note: this is highly speculative, based only on the 1W chart (incomplete data), and based only on the last 4 bars of stagnant price, with moderate volume .

In the next post, I'll do the same analysis on the 1D chart. This should allow for a more complete speculation.


Cheers!
- B

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