3 Wycoff Accumulation Scenarios

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Well, if you are not aware of how we got played by insitutional players and whales by now, this is for you.

Currently we are in wycoff distribution phase E as the top formation. I know we are going to 100k, but not with a straight line and probably not this year. Since we are in Phase E of wycoff distribution, we will need to go down and complete it, following a markdown and accumulation as indicated by the wycoff price cycle in my screenshots below.

So, after distribution at the top comes the markdown and then the accumulation at bottom. I have drawn 3 scenarios for this bottom accumulation phase. According to this analysis, here are my bottom targets:

Best case: 19k
There will be no markdown and accumulation starts right away, down to 19k. I find this unlikely because accumulation and distribution will overlap, without any mark down. Whales will need more.

snipboard.io/2BeEnZ.jpg

Moderate Case: 13-14k
Still no markdown, but also no overlap. Accumulation starts at 20k and price will go futher down to 13-14k range. I bet whales want more.

snipboard.io/LnUOIg.jpg

Worst Case: 10k
Current top distribution completes at 20k. After a 1-2 week mark down, accumulation begins at 16k, going futher down as low as 10k. I find this to be desirable by the composite man (whales) as they would have screwed every single bitcoiner in the market but themselves. Yeah, they will want this.

snipboard.io/Xo7rq8.jpg

Stop playing the victim and start acting like the "composite man" meaning the whales.

Read more here:
school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method

In case you havent watched the uncomplication, who pointed wycoff back in April:


Be safe.
Nota
Checkout my updated analysis here
#Bitcoin Road To $100K - Wyckoff Accumulation Updated
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Redistribution The Evil Twin
Beyond Technical AnalysisChart PatternsHarmonic Patternswycoff

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