Preface, I am not an on-chain analyst I have no interest in going to view rainbows or data that is useless to me.
I want to Focus in going to 360 degree look at what is going on and will be happy to read any thoughts below.
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This Thread will be very long and divided into 12 parts,
For each part there will be a brief explanation of the chart we are looking at and my separate observation if needed.
This data is taken from the look into #bitcoin site accessible to all.
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Dec 9, 2022 • 4 tweets • 2 min read
Wyckoff's accumulation suggests that the price of Bitcoin (#BTC ) is working to form a bottom.
In this thread I will try to explain my view.
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The Wyckoff pattern is a technical analysis tool for traditional and cryptocurrency markets.
The structure of a typical Wyckoff pattern consists of a series of sharp upward and downward price movements that form a kind of extended distribution or accumulation.
