Bitcoin Wycoff Accumulation Phase D into E
For fun i was just re reading up on Wycoffs Methods and decide to put it on the chart to see how it holds up (to the well known photo)
which it really doesnt have to look anything like the photo just so long as those steps or should i say Causes and Effects or Efforts and Results happen, it can better help you know whats happening. and not all of them have to be met, but dont let me bore you. i just wanted this archived to see how it plays out in the future. also, it lines up pretty dang perfect if you ask me. now do i think it rips through phase E to 36k-38,200 give or take? sure. and beyond? welp, it still could reject there an enter back into the "accumulation zone". esp if my thoughts on recession (light one) comes about. anyway no price targets really just archiving this to see it in the future. cheers
which it really doesnt have to look anything like the photo just so long as those steps or should i say Causes and Effects or Efforts and Results happen, it can better help you know whats happening. and not all of them have to be met, but dont let me bore you. i just wanted this archived to see how it plays out in the future. also, it lines up pretty dang perfect if you ask me. now do i think it rips through phase E to 36k-38,200 give or take? sure. and beyond? welp, it still could reject there an enter back into the "accumulation zone". esp if my thoughts on recession (light one) comes about. anyway no price targets really just archiving this to see it in the future. cheers
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