BTCUSD Bitcoin Wyckoff Accumulation Theory Debunked
Over the past few weeks you may have seen dozens of posts about this supposed "Wyckoff Acculmution" pattern on sites like Twitter, TikTok & even here on TradingView, and while Phase A was correct, it's Phase B that is totally wrong and makes this entire pattern invalidated and let me explain a few reasons why:
1. On the Textbook Example it shows a higher high at the start of Phase B after Phase A's AR, but this never happened
2. While SC in Phase A and the Spring in Phase C might look correct, there is something inbetween called "ST in Phase B" that is supposed to be a Discernible Lower Low then SC, but what we got instead was a equal to slightly higher low
1. On the Textbook Example it shows a higher high at the start of Phase B after Phase A's AR, but this never happened
2. While SC in Phase A and the Spring in Phase C might look correct, there is something inbetween called "ST in Phase B" that is supposed to be a Discernible Lower Low then SC, but what we got instead was a equal to slightly higher low
1. we got a candle close below 31K
2. if this was a legit pattern bitcoin would have entered phase d and started rising, but instead it has been drifting lower over the past few weeks