Accumulation Scenario based on the Wyckoff Accumulation Phase

Above labels and describes Andrew Wyckoff's Accumulation phase. This is my case

Their is strong support at the 6k level indication a strong possibility of a base forming. Bitcoin has tested the base line twice, once at Selling Climax where Institutions halted the selling and again just recently indicated by the large volume spike in the hour preceding the tripple bottom.

Volume continues to decline which is good indicating we are in an accumulation phase. Volume will pick up if we rally from 6k.

Following this rally we should expect higher highs and higher lows. The Analsysis seems spot on rn, however the 2014 bitcoin crash is still in my head. The 2014 crash however is about three times slower than what 2017/2018 crash is and optimism and technology is rapidly expanding. The Chart will become invalid if we break down 6k with large volume. If we break 6k with large volume than we can expect far further prices and a longer accumulation. Past results are not indictive of future ones.