Bitcoin Cause & Effect
Cause and effect the cornerstone of Wyckoff methodology. Time to get physical, Isaac Newton famously once said ‘For every action, there is an equal and opposite reaction’. With that in mind, let's use it analyse the previous cycles on BTC…
Aprils accumulation (cause) and markup phase (effect). Accumulation lasted 13days and markup lasted an equal amount of time. NOTE: dropping volume on markup
Mays distribution (cause) and markup phase (effect). Distribution lasted 26days and markdown lasted 23days. :thonking
June/Julys accumulation (cause) lasted 34days. Markup is yet to be defined but based on these findings I think there's a strong chance that this markup cycle lasts a similar amount of time. NOTE: Expanding volume on markup
Obviously, this is highly speculative but most definitely worth keeping in mind when calling distribution, the top or have weak shakey childs like hands. :thonking
Twitter feed here -> twitter.com/gonebroke_/status/1022422773069737984
Aprils accumulation (cause) and markup phase (effect). Accumulation lasted 13days and markup lasted an equal amount of time. NOTE: dropping volume on markup
Mays distribution (cause) and markup phase (effect). Distribution lasted 26days and markdown lasted 23days. :thonking
June/Julys accumulation (cause) lasted 34days. Markup is yet to be defined but based on these findings I think there's a strong chance that this markup cycle lasts a similar amount of time. NOTE: Expanding volume on markup
Obviously, this is highly speculative but most definitely worth keeping in mind when calling distribution, the top or have weak shakey childs like hands. :thonking
Twitter feed here -> twitter.com/gonebroke_/status/1022422773069737984
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