#BTC ://Distribution n Accumulation phase theory... ehh lets s33srry all dealing with family emergency stuff so this is messy ruff draft and vague to boot but wanted this out there b4 she either dumps or continues and validates this idea _40 to 42K support / resistance levels_ curios what everyone thinks (cleaned up and fully explained later/but if want to know more look into the _now some what played out but interesting _ WYCKOFFIAN IN DISTRIBUTION N LEAD INTO WHAT NOW COULD BE A ACCUMALATION PHASE)
i didn't really give this accumulation and distribution phase thing much thought until recently . yes some of that i do agree with and not just as a narrative to fight back against fudd
i thought _at least my version of this theory was shot when it looked like we broke into an overall large time frame down trend, again... BUUUuuut we pulled out of it, rite on the bottom trend/channel line.
>KEEP in mind she will need to continue an overall up trend up to at least 40 to 42 k range for this to be valid. there can be pull backs but over all there must be some kind of uptrend until a major and most importantly _know resistance block _ then zig zag over all trend down to the support of 32 ish (hope fully if true this time we stick to more 34k) (ALSO MANY Thought that if beginning this "accumulation phase then we quickly over a 3 maybe 4day period on the one day chart we hit the SELLING CLIMAX SC then the AUTOMATIC RALLY AR the next day leading into the secondary test ST.
anyways this charts a mess but wanted to get this out there so i can get some kind of feed back begin to try and take this theory seriously which i couldnt do if i waited to post this b4 after she runs up further_for this to be valid
_HGM
Again i do want to note it is nice seeing people collectively pushback against the, "they control our market"_ narrative)
