Over the past few weeks you may have seen dozens of posts about this supposed "Wyckoff Acculmution" pattern on sites like Twitter, TikTok & even here on TradingView, and while Phase A was correct, it's Phase B that is totally wrong and makes this entire pattern invalidated and let me explain a few reasons why:
1. On the Textbook Example it shows a higher high at the start of Phase B after Phase A's AR, but this never happened
2. While SC in Phase A and the Spring in Phase C might look correct, there is something inbetween called "ST in Phase B" that is supposed to be a Discernible Lower Low then SC, but what we got instead was a equal to slightly higher low
1. On the Textbook Example it shows a higher high at the start of Phase B after Phase A's AR, but this never happened
2. While SC in Phase A and the Spring in Phase C might look correct, there is something inbetween called "ST in Phase B" that is supposed to be a Discernible Lower Low then SC, but what we got instead was a equal to slightly higher low
Note
Update: The pattern is officially invalidated for a few reasons1. we got a candle close below 31K
2. if this was a legit pattern bitcoin would have entered phase d and started rising, but instead it has been drifting lower over the past few weeks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.