BTC Wyckoff Accumulation Theory

It is possible that we are now entering Phase C which means absorption is nearly complete. Smart money Composite Operators ‘Test’ the stock to determine if it is poised to begin its Markup Phase. The Test is to determine if the Supply has been exhausted and this is done by removing bids at Support and allowing the stock to breach the lows. A breakdown here is a bear trap catching the last of the retail sellers and short sellers in a false move down. This action, called a Spring, comes in three types. At times the final low prior to the beginning of the Markup is a higher low. Wyckoff analysis deems this a Last Point of Support (LPS) and it is just as important as the Spring (while possibly more elusive). Testing the lower bounds of the Accumulation Range, as a final act before the all important start of the major uptrend, is the lofty purpose of Phase C.