Hello Zenfusians!
Wyckoff Distribution and Accumulation
Bitcoin has been following a Wyckoff pattern for the last 9 months
If Bitcoin maintains a similar structure to the Wyckoff pattern, we should see new all-time highs in the short to mid-term
We are now in the Mark Up stage, characterized by significant moves to the upside. Following this period there will be a Distribution phase, where Bitcoin starts losing momentum and is outperformed by altcoins
Are the similarities between Wyckoff and the Bitcoin chart a sign of market manipulation? Or does the model reflects simple market psychology?
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