BITCOIN Wyckoff Accumulation (1D) - Brighter Times ARE Ahead!
This chart describes a typical Wyckoff Accumulation Scheme.
Although Phase E is already in effect for a longer time now, considering market conditions and sentiment, I think
the Distribution Phase is not anywhere near currently, especially not on the daily timeframe .
I got a decent entry on this one earlier last month, and just wanted to share this chart with you as how much of a
textbook Wyckoff Accumulation Sequence is this.
But don't get too caught up in this demonstration, as price action tends to differ each time one spots a Wyckoff Pattern.
I hope you found value in this chart, as learning the Wyckoff Method and Price Action is one of the most important things
besides risk management.
Alright you guys, take care and happy trading!
NFA and DYOR
Although Phase E is already in effect for a longer time now, considering market conditions and sentiment, I think
the Distribution Phase is not anywhere near currently, especially not on the daily timeframe .
I got a decent entry on this one earlier last month, and just wanted to share this chart with you as how much of a
textbook Wyckoff Accumulation Sequence is this.
But don't get too caught up in this demonstration, as price action tends to differ each time one spots a Wyckoff Pattern.
I hope you found value in this chart, as learning the Wyckoff Method and Price Action is one of the most important things
besides risk management.
Alright you guys, take care and happy trading!
NFA and DYOR