Just plotting the time we've spent above/below the Bull Market Support Band over the life of BTC...Not sure how helpful this is currently but wanted to save it for future review.
I was thinking that the last ST was our lowest low, but according to Wyckoff's rules, the "secondary test (ST) in the area of the selling climax (SC) should show less selling than previously and a narrowing of price spread and decreased volume." I'm no Wyckoff expert, please feel free to chime in with comments. Do you think this last ST was confirmed? or do we...
This is where I think we are at based on the Wyckoff schematics I've been studying...feel free to share your thoughts/comments/knowledge. Thanks!
This is the Wyckoff model I've drawn up...I'm new to Wyckoff and not certain that I have each phase perfectly mapped out. If you have any corrections or questions post them in the comments.
The bottom of the boxes represent a 1.5 multiple of the previous ATH The top of the box is a 4x multiple of the previous ATH