If BTC is accumulating, we need another dip to 30k soon

26 feb 2022

I am trying to apply the Wyckoff accumulation schematic to the BTC price action. I believe we could be accumulating as the phase A of the suggested schematic would correspond to the phase E of distribution of the last ATH cycle (from 30k to 69k). However, being in phase B currently, if the current PA is indeed doing Wyckoff accumulation then it needs to print an ST that is lower than the selling climax (SC). I think this is one of the strict requirements for the accumulation schematic to be correct. This would mean another swing down to $30k approx. in a week or two. Tell me what you think about that.

2 mar 2022

Nota

Looking at top alts charts, I'm thinking our last low at $34.5k might have actually been the ST in phase B, though it wasn't lower than the SC. The big demand from Russia and Ukraine that "caused" the recent surge to $45k is making it even less clear whether we are in accumulation or still distribution.