According to the Wyckoff Accumulation Schematic, a drop in price is manipulated by an institution that is building a position in an asset before the price increases. I think we just experiences a Wyckoff Distribution and now we are entering a Wyckoff Accumulation phase. A Wyckoff accumulation phase has different stages: 1. first we experience a dramatic drop in...
There is a confirmation of a downwards trend for BTC, the price broke the lower bands of the Bollinger Bands. As well we can see a contraction period (low volatility and sideway prices). However, a contraction period is followed by an expansion. With that being said, I am still bullish on BTC
WYCKOFF ACCUMULATION (we are in phase C) another test around 31k is possible.
Followed by an increase in price (roughly 39-40k).
Then a drag down to the LPS (33-34k). Then a SOS (45-46k) #BTC
After reaching this target, we can finally say goodbye to the bear!!!
next target for the bull i am estmating 80k to 100k!!
