Wyckoff Accumulation Schematic #1 Different timescale
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Related to my previous Wyckoff traceout, but interpreted on a smaller timescale
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Not sure if it makes sense to have the timescale so short, and also don't know if the first peak (AR) is allowed to be smaller than the peak in Phase B in the theory but figured I'd share anywaysノート
Maybe this timescale isn't actually that bad, it approximately matches the peak events between 21 feb and 14 april, just in reverse. We'll (in)validate it pretty quickly I guess :pノート
There's obviously a lot of spirit still left, I personally think we're nearing the local bottom, we might not go near $30000 as I assume other people assume there's lots of buy orders placed above that price. So the moment we see a rebound, people might pile on in FOMO. Just don't know if the spirit persists as it goes up?
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