This is a follow up of my prior idea of Wyckoff accumulation idea playing out on $BTC
I believe the previous charting I did trying to figure out what phase we're in at the moment was invalidated after watching the market move and considering volume performance as an indicator to better understand what major market players are actually doing.
I believe now we're still in the early Phase B, instead of the D as we just witnessed what I think is a spring event (marked on the chart) that put price below the low of the TR.
In the green box I've noted down some things to look for in the upcoming days or even weeks.
I believe the previous charting I did trying to figure out what phase we're in at the moment was invalidated after watching the market move and considering volume performance as an indicator to better understand what major market players are actually doing.
I believe now we're still in the early Phase B, instead of the D as we just witnessed what I think is a spring event (marked on the chart) that put price below the low of the TR.
In the green box I've noted down some things to look for in the upcoming days or even weeks.
