BTC/USD Wyckoff Accumulation?
Updated
Could we be in the midst of a Wyckoff Basic
Scheme of Accumulation #1 on BTC/USD?
One should take note that with how the
institutions have been vocally entering Bitcoin, the
way the crypto charting and trading game is played
is changing. BTC may well have started becoming more
classically "textbook" and less sporadic in its cycles.
If this is the case I would say this Wyckoff Basic
Scheme of Accumulation #1 here would very well
be a strategy larger tradfi players are now using
to attempt to shake out retail or those less
experienced than them to accumulate as much
BTC and profit as possible before Bitcoin (dare I say?)
inevitably begins its move upwards again.
It will be interesting to see if this theory has any
substance to it.
Let me know if you have any questions here so
we may both continue our learning processes
and help each other grow!
Scheme of Accumulation #1 on BTC/USD?
One should take note that with how the
institutions have been vocally entering Bitcoin, the
way the crypto charting and trading game is played
is changing. BTC may well have started becoming more
classically "textbook" and less sporadic in its cycles.
If this is the case I would say this Wyckoff Basic
Scheme of Accumulation #1 here would very well
be a strategy larger tradfi players are now using
to attempt to shake out retail or those less
experienced than them to accumulate as much
BTC and profit as possible before Bitcoin (dare I say?)
inevitably begins its move upwards again.
It will be interesting to see if this theory has any
substance to it.
Let me know if you have any questions here so
we may both continue our learning processes
and help each other grow!
Note
Happy to say it's looking like this longer term accumulation idea is invalidated.BTC to ~50k sooner than expected is never a bad thing for a long term hodler!
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