Hey guys, I have been looking at the Wyckoffs Distribution and Accumulation patterns. We recently had the distribution play out almost identically to the Wyckoff distribution chart with the recent run to 64K.
However at the end of this, marks the beginning of the Wyckoffs Accumulation pattern. This matches almost exactly to what has happened in the last week.
From the selling climax at 30,000 to the automatic rally to 42,000 right after before the secondary test to 31,000 and now trading sideways.
I see bitcoin dipping once more in a spring event that will start the bullrun once again.
This is not financial advice but if understood Wyckoffs pattern can be used to your own great benefit.
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