#Bitcoin Road To $100K - Wyckoff Accumulation Updated
Updated
I've digged deeper in to details and updated the accumulation phase we are entering. While the length of each phase can differ, this is pretty much what it will look like to reach 100k.
So, sideways accumulation looks like it will continue in trading range until October, while institutions accumulate, following a rally / markup to 80k and the distribution will begin, topping at 102k by the end of January and then the cycle will repeat. Forever. Laura.
:)))
So, sideways accumulation looks like it will continue in trading range until October, while institutions accumulate, following a rally / markup to 80k and the distribution will begin, topping at 102k by the end of January and then the cycle will repeat. Forever. Laura.
:)))
Comment
See also more bearish scenarios here. I believe 28-30k will hold, but who knows. 
Trade active
Quick update. This analysis started to scare me LOL :) As it turns out the bottom of the uptrend which started last year during covid crash holds and as seen in my anaysis, this week is bullish. But be cautious as the accumulation is far from being over, short term profits can be made, however please reduce your riks by proper money management and don't invest more than 5% for a given trade idea. That said, i'm using a grid bot right now and i'm quite relaxed while it's buying and selling with little profits. I still expect bull and bear traps before the new uptrend starts. So, be cautios and stay safe.
Here's my grid bot's trading activity with B's and S's at the bottom of the chart.
s3.tradingview.com/snapshots/e/E2qY2d0O.png
Comment
Here's an update for the secondary test. 
Comment
Comment
Comment
Order cancelled
If you are following this pattern, i'd like to warn you that accumulation is likely to invalidate and it can turn in to redistribution. Checkout my newer analysis.Comment
So, when Lambo? 
Comment
Possible distribution at the top! 
Comment
How are you doing fellas :) Here's my latest update from July 29th: Point of no return.
Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Related publications
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.