Hi Team! During the summer holiday I tried to learn something from Grand Maestro Wyckoff. I think we've been in an accumulation phase until late February and now are in in late distribution. I think the latest upthrust to 32K was the highest price we'll see this year. From here on I expect the price to move to the 25K area until September and the to go into the...
Hej Team! Until mid February we have been in a Wyckoff accumulation. Now, inside the distribution phase the big guys are waiting for the price to go up a bit more (red arrows),to dump it again step-by-step to the lower 20Ks, in order to pick up cheap BTC to back all their coming ETFs. IMHO 70% chance for this scenario to happen. In the blue scenario essentially...
Big BTC sums moved on chain; most of them to Coinbase. Clear rejection on the chart. Next stop 29500 area.