Saann

Saann

Huge accumulation during a consolidating market on BTC since the impulsive sell off caused by liquidation of over leveraged positions. Huge Bearish wick to downside was a last effort push to the downside to liquidate Longs under previous lows (grab liquidity) before a continuation higher. Phase D is about to begin See Chart: school.stockcharts.com

Saann

BTC has been consolidating for several weeks now after a very impulsive sell off caused by over-leveraged positions being liquidated. The consolidation was really just an accumulation period for the larger players wanting to get back into the market without pushing price up on themselves. Wyckoff Accumulation pattern 1 is playing out very, very well so far....

Saann

After a large sell off, ETH has been consolidating (accumulation) at a previous Demand area between $1800-2500 USD, with strong Daily rejection candles off the low. Now we are seeing the big picture play out with Wyckoff Phase A and B ending and Phase C starting to take place. Compare this with the Accumulation Schematic #2 of Wyckoff Events and Phases....