Here is analysis about BTC with Wyckoff Event accumulation.
You can see 2 cases here.
The first one is Pattern 1 (blue line) and (black line) is Pattern 2.
The different of 2 types above is phase C.
At second pattern we have 1 more bottom call Shakeout or spring its usually occurs in the later stages of the accumulation phase, which is the smart money sessions that shake off retail investors before starting to move into the uptrend phase.
So with the current macroeconomic situation, which case do you think is likely to happen? Leave your comment below and let me know which case you lean towards why?
today is Mar 13, 1 month after the prediction. I think it is quite clear that case 2 (back lines) will be happening.
Since SVB & Signature banks are collapsed. but FED still deny to reduce or even slow down the interest increase. They are ok to secure and compensate the impact of the bankrupcy, but they are not ok to save the whole macroeconomic players.
And if FED still keep the increasing rate of interest high, the whole market will be dumping & dumping, a huge shakeout with tons of bankrupcies & bad news will be released in the next Q2 Q3 Q4 of 2023