Here I am exploring the Wyckoff Accumulation Schematics #1 or #2 and the market manipulation we are all feeling, with recent rejections from inverse head and shoulders patterns and institutional buying increasing are strong signs we are now in this schematic.
Phase A played out beautifully with a Selling Climax at the bottom of the trading range and an Automatic Reaction (AR) defining a new key resistance level.
BTC is is now in Phase B - defined by building a new "cause" where whales and institutional investors are buying and accumulating off of all the fear and FUD from the previous Wyckoff Distribution Schematic. We are already seeing positive news articles, green mining initiatives and overall more positive news in the cryptocurrency space. There is a potential for multiple ST's or Secondary Tests near the selling climax, which was quite dramatic around the $30,000 levels.
Phase C we could see more sideways action or 1 final spring or shakeout as defined in the Wyckoff Accumulation Schematic #1. These present an excelling long / buy opportunity. A low volume test of support is preferred and can present an excelling long position. Also look out for LPS's, pull backs to support that were previously resistance.
Phase D we should be looking for additional LPS's i.e. Last Points of Support to enter long positions. Testing the resistance lines and showing signs of strength.
Phase E will be headed back towards all time highs with a price target around $58,000 and up.
As time goes on we can jump into a new phase earlier or later than expected, phase lines may need to be adjusted but if this schematic continues to evolve be sure to follow and give this post a like as I will post updates along thew way if this continues to play out.
2 month later and right on spot!!!!! amazing mate!
jlc61853
⋅
Hey brother
Is there a reason most of the highs and lows occur at 8 AM OR 8PM? (and in what time zone)
I believe many of us are curious about how the timing is calculated?
Any help would be greatly appreciated!
Your the man
jlc61853
⋅
Keep these coming brother. Amazing Job!!!!
dfiguere
⋅
Bruh how do you predict the time with this pattern
dfiguere
⋅
what ever you learned can you tell me what it is called