Cymoongale

Bitcoin wyckoff reaccumulation

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Is this what we could possibly see over the next 2 weeks? reaccumulation usually can last between 3/6 weeks. as this started the beginning of September I'm very bullish for Q4. after all it is the most bullish quarter in the most bullish year in the BTC 4 year cycle historically

(A Reaccumulation serves the same purpose as an Accumulation with one main distinction. An Accumulation stops a downtrend as the Composite Operator begins the lengthy process of Absorbing shares. This begins with the stopping action of a Selling Climax (SCLX). A Reaccumulation is the process of Absorbing shares during an uptrend. It is a pause in a major uptrend that can take weeks to months (sometimes years) to complete. A Reaccumulation will begin with an acceleration of the uptrend into a Buying Climax (BCLX). A BCLX and an Automatic Reaction (AR) set the Resistance and Support areas of this new ‘range-bound’ condition. The trendless trading range will discourage many traders and they will sell shares to move on to other more active stocks. The C.O. uses the release and availability of shares to add to their positions. Wyckoffians will attempt to identify the footprints of the C.O. in the Reaccumulation process to initiate or add to holdings along with the Composite Operator.

Often traders will misinterpret a Reaccumulation as Distribution. With careful analysis Wyckoffians can learn to make the essential distinction between these conditions. Recall that Absorption results in Reaccumulation or Accumulation, and price action becomes ever less volatile as the structure comes to a conclusion and the uptrend begins. This is because most of the available shares have been removed from the marketplace)
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