This chart is a technical analysis of **Bitcoin (BTC/USD)** on the **4-hour timeframe** from Binance, illustrating **Wyckoff Market Cycle Phases** applied to recent price action.
### 🧠 Chart Description:
The chart identifies and labels key **Wyckoff phases**:
* **Accumulation (April)**: Price consolidates in a range after a downtrend. This phase marks strong hands accumulating Bitcoin from weak hands.
* **Reaccumulation (late April to early May)**: A bullish continuation pattern where the price pauses temporarily before resuming the uptrend.
* **Distribution (mid-May)**: The price enters another consolidation phase, but this time smart money begins offloading holdings at elevated prices to retail traders.
### 📉 Projected Move:
* A breakdown below the current support is anticipated, leading to a **markdown phase**.
* The red path suggests a significant decline, potentially toward the **\$85,000–\$90,000 range**, indicating bearish momentum.
* After the markdown, **accumulation is expected to resume**, setting the stage for the next potential markup.
### 📊 Supporting Visual:
On the right side, there's a reference schematic titled **“Market Phases” by Readtheticker.com**, which summarizes:
* Accumulation → Markup → Distribution → Markdown → Accumulation cycle.
* It also highlights buying/selling pressure dynamics and behavioral patterns at each phase.
---
### 🧠 Chart Description:
The chart identifies and labels key **Wyckoff phases**:
* **Accumulation (April)**: Price consolidates in a range after a downtrend. This phase marks strong hands accumulating Bitcoin from weak hands.
* **Reaccumulation (late April to early May)**: A bullish continuation pattern where the price pauses temporarily before resuming the uptrend.
* **Distribution (mid-May)**: The price enters another consolidation phase, but this time smart money begins offloading holdings at elevated prices to retail traders.
### 📉 Projected Move:
* A breakdown below the current support is anticipated, leading to a **markdown phase**.
* The red path suggests a significant decline, potentially toward the **\$85,000–\$90,000 range**, indicating bearish momentum.
* After the markdown, **accumulation is expected to resume**, setting the stage for the next potential markup.
### 📊 Supporting Visual:
On the right side, there's a reference schematic titled **“Market Phases” by Readtheticker.com**, which summarizes:
* Accumulation → Markup → Distribution → Markdown → Accumulation cycle.
* It also highlights buying/selling pressure dynamics and behavioral patterns at each phase.
---
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.