Hi guys, just wanted to share an updated version off the Wyckoff accumulation. We we see resistance around 3k I would say it is very likely to play out like that. Because ETH is so bullish its possible that we won't touch support but only go to the green area.
Accumulation Schematic: Wyckoff Events and Phases
Hi guys, after realising that Bitcoin exactly followed the Wyckoff distribution schematic I tried to draw the Wyckoff accumulation schematic on the chart. Actually it works pretty well. You can find further infos here: school.stockcharts.com
- Pump after retesting supportline - Builidng W - Pump through triangle to new ATH
Same pattern long term trend line would be touched 3rd time strong support at 0,618 maybe short dump until bottom trend line to 47k forming W pattern breaking out of bullflag and touching next postcorona fibu level 4.236 🚀