Cause and effect the cornerstone of Wyckoff methodology. Time to get physical, Isaac Newton famously once said ‘For every action, there is an equal and opposite reaction’. With that in mind, let's use it analyse the previous cycles on BTC…
Aprils accumulation (cause) and markup phase (effect). Accumulation lasted 13days and markup lasted an equal amount of time....
A narrow PRZ (Potential Reversal Zone)
Equivalent AB=CD within it.
SL - 120.550
TP1 (.382 of the AD move) - 119.440
TP2 (.618 of the AD move) - 118.960
Thats all, folks.