#Bitcoin Making a Case For Wyckoff Schematic #1 Be Smart Money.
Hi Guys,
This is my case for bitcoin in the Wyckoff Schematic #1 Phases & Events.
I believe #Bitcoin Just entered Phase D of the Wyckoff Schematic.
Let's Discuss Phase D into more Detail.
Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand
over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing
volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price
will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to
profitable long positions.
Followed by Phase E
In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to
everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New,
higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by
large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on
the way to even higher price targets.
It Looks like bitcoin is in the final stages of this Wyckoff Schematic before we start breaking out and head to all time highs again.
You shouldn't be getting chopped out of this range.
Cheap Btc now, not so cheap soon.
Best of luck!
This is my case for bitcoin in the Wyckoff Schematic #1 Phases & Events.
I believe #Bitcoin Just entered Phase D of the Wyckoff Schematic.
Let's Discuss Phase D into more Detail.
Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand
over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing
volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price
will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to
profitable long positions.
Followed by Phase E
In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to
everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New,
higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by
large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on
the way to even higher price targets.
It Looks like bitcoin is in the final stages of this Wyckoff Schematic before we start breaking out and head to all time highs again.
You shouldn't be getting chopped out of this range.
Cheap Btc now, not so cheap soon.
Best of luck!
420Fam
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