Bitcoin followed Wyckoff distribution perfectly.
the manipulation started out with the first whale dumping of,
25,000 BTC on Gemini in February
18,000 BTC on Gemini in March
April 14th Coinbase IPO'ed, price was manipulated towards the $65,000. Investors sold instantly.
China & Elon Bitcoin energy fud causes mass retail panic which drove price down.
Manipulation was right in our face and Wyckoff distribution pattern followed perfectly.
What now?
Looks like manipulation and selling pressure has weakened.
Which leads me to my conclusion that we may be in the Accumulation phase for Bitcoin.
Google Wyckoff Distribution & Accumulation to see what the examples look like.
the manipulation started out with the first whale dumping of,
25,000 BTC on Gemini in February
18,000 BTC on Gemini in March
April 14th Coinbase IPO'ed, price was manipulated towards the $65,000. Investors sold instantly.
China & Elon Bitcoin energy fud causes mass retail panic which drove price down.
Manipulation was right in our face and Wyckoff distribution pattern followed perfectly.
What now?
Looks like manipulation and selling pressure has weakened.
Which leads me to my conclusion that we may be in the Accumulation phase for Bitcoin.
Google Wyckoff Distribution & Accumulation to see what the examples look like.
