BitcoinUpdated BTC: Distribution and Re Distribution Part Three
Hi Everyone! I picked up where I left off from the Part Two video. This video provides an explanation as to what will determine if we are in Phase E of a Descending Wedge Accumulation Schematic OR if we are in Phase C of a Two Tiered Accumulation Schematic.
Here is the 2021 to 2022 chart along with POTENTIAL 2023 Re-Distribution:
Why am I saying "POTENTIAL 2023 Re-Distribution?" It depends on if we see not just a transition into Phase D with Sign of Weakness... BUT ALSO a transition from Phase D into Phase E with a Sign of Weakness event. If we see a Sign of Weakness in Phase E, we can then say we are in a 2-Tiered Accumulation Schematic and NOT in a Descending Wedge Accumulation Schematic.
Below, is the Descending Wedge Accumulation Schematic:
Here is the 2021 to 2022 chart along with POTENTIAL 2023 Re-Distribution:
Why am I saying "POTENTIAL 2023 Re-Distribution?" It depends on if we see not just a transition into Phase D with Sign of Weakness... BUT ALSO a transition from Phase D into Phase E with a Sign of Weakness event. If we see a Sign of Weakness in Phase E, we can then say we are in a 2-Tiered Accumulation Schematic and NOT in a Descending Wedge Accumulation Schematic.
Below, is the Descending Wedge Accumulation Schematic:
Note
UPDATE:I changed the blue text bubble in the Descending Wedge Accumulation chart:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.