Kobayachi

Wyckoff accumulation and Phases

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
6218 views
32
6218 9
that one was right
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Update can be found here:
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Continues to impress
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Pretty accurate !
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I really like your view on Wyckhoff in the grand timeframe. I think we also witnessed a Wyckhoff cycle on a smaller scale here:
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I’m really surprised by the amount of attention this TA is getting. I’ve been posting TA’s for years under a different account and I don’t think I ever had that many views.
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not markdown phase?
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Kobayachi dRends35
@dRends35,
Markdown phase is over. We are in the accumulation phase (either schematic #1 as depicted above or schematic #2). Secondary test (ST) has been confirmed. If downswings within the trading range gradually diminish from here, we should start a phase C.

I actually tend to think it’s going to be a schematic #2 and that we won’t have a shakeout because there are too many participants waiting to get in. There is a lot of institutional money lining up and making OTC deals at the moment. We will find out once they start actively participating in this market.

Also, things are moving much faster than I expected, phase C could be as soon as June-July.
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