EN:
This is a Wyckoff market manipulation idea that shows current daily BTC prices as ongoing accumulation phase. After marking-up to 60k ish price point we've ended a distribution phase in May this year. After a huge market overheat this year with a mark-down up to 30k USD occurred. Therefore we have two possible scenarios:
1) We are in a re- distribution phase on our way down.
2) We are in a text book example of market accumulation.
My bet goes to number two - we should get into few corrections and find LPS (Last Point of Support), then accumulate on top bounds of our current resistance showing Signs Of Strength. In the end a new mark-up phase may occur breaking our resistance at 40K mark. My prediction for re- accumulation phase goes to 45k USD levels.
This is a Wyckoff market manipulation idea that shows current daily BTC prices as ongoing accumulation phase. After marking-up to 60k ish price point we've ended a distribution phase in May this year. After a huge market overheat this year with a mark-down up to 30k USD occurred. Therefore we have two possible scenarios:
1) We are in a re- distribution phase on our way down.
2) We are in a text book example of market accumulation.
My bet goes to number two - we should get into few corrections and find LPS (Last Point of Support), then accumulate on top bounds of our current resistance showing Signs Of Strength. In the end a new mark-up phase may occur breaking our resistance at 40K mark. My prediction for re- accumulation phase goes to 45k USD levels.
