BTC: Has Wycoff accumulation phase started?
Bitcoin / TetherUS BINANCE:BTCUSDT
If Wycoff accumulation phase is in and distribution phase is winding down, then we should be seeing some major fake outs, both on the upside and down. The spring should break the last low to put in a bear trap and slowly start to break resistance levels one by one. There is a chance that the spring is already in. We’ll see. It might take some time to play out; usually the same amount of time that market took to complete the distribution phase…I will be buying…
