Over the past few weeks you may have seen dozens of posts about this supposed "Wyckoff Acculmution" pattern on sites like Twitter, TikTok & even here on TradingView, and while Phase A was correct, it's Phase B that is totally wrong and makes this entire pattern invalidated and let me explain a few reasons why:
1. On the Textbook Example it shows a higher high at the start of Phase B after Phase A's AR, but this never happened
2. While SC in Phase A and the Spring in Phase C might look correct, there is something inbetween called "ST in Phase B" that is supposed to be a Discernible Lower Low then SC, but what we got instead was a equal to slightly higher low
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Update: The pattern is officially invalidated for a few reasons 1. we got a candle close below 31K 2. if this was a legit pattern bitcoin would have entered phase d and started rising, but instead it has been drifting lower over the past few weeks
That HH doesn't even have a distinctive name in the "textbook example", all highs and lows in phases A and B just form a trading range and define supports/resistances.
Pattern will be invalidated only if price dumps below the supposed Spring, which can happen closer to the end if this whole thing was just a manipulation.
deondrecfloyd
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deondrecfloyd
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This guy looking to deep it’s the bigger picture
Mattysalads
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You have the spring wrong
CryptoGuy234
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@Mattysalads, i know the spring is wrong, it's because the entire pattern is invalidated for the reasons i stated above, but i only put that there as some satire of where some other people think the spring is, because many people have the wrong idea that the st in phase b actually happened and then later on claim that the spring happened as well