Here's some mind numbing notes on Wyckoff and where I see we are at in this Trend Cycle.
Part of my studies have been to always apply Wyckoff to a medium timeframe analysis as I find it's helpful determining TC.
First was our markdown phase, I believe this period to be over.
Part of my studies have been to always apply Wyckoff to a medium timeframe analysis as I find it's helpful determining TC.
First was our markdown phase, I believe this period to be over.
That also means the bear market is over. Doesn't mean we can't visit $10k. The 77% move from the top to 16k I would consider to be the end of a bear market and the most money to be made is done
Next we move to accumulation. This period can last a long time. So no FOMO.
Next we move to accumulation. This period can last a long time. So no FOMO.
Spring has the potential to go a little deeper before recovery. Either way, often bears get trapped here believing market has more downside when institutional investment and smart money pops the price into the next markup phase.
The next markup phase I don't expect to be strong, especially with the fractured trust that Crypto needs to rebuild. However, reaching the previous re-distribution period during the last markdown could make for a good target over the next 6 months. #Bitcoin #BTC #BitcoinCash
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