This Violent Bitcoin Wyckoff Break Out is Misleading Crypto Investors for the Next Accumulation Move

This Violent Bitcoin Wyckoff Break Out is Misleading Crypto Investors for the Next Accumulation Move

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It's quite possible that bitcoin's Accumulation is now completely over for This cycle however there is always Buying opportunities when we revisit the Re-accumulations and the pullbacks Throughout the cycle the cryptos and all Coins have this very different looking Chart at the moment one which is asking The question when is altcoin season are We going to see one and we're all it's Going to be pumping today's video let's Look at the accumulation schematic the Wyckoff accumulation schematic on the Total cryptocurrency market cap of the Old coins before we dive into that what YouTube video isn't a YouTube video if I Don't ask you to like And subscribe to The content down below and links in the Top of the video description for our Free crypto and economic report and if You are interested in all coins and Learning how to trade the market like a Pro like our members are doing hitting Up these gains which are happening every Single day you see you see these on my Channel as they come through as fresh New profits for our members the link for That is in the top of the video Description go and check out premium Trading courses and exclusive community Over there all right guys let's start With where we have come from so far the Last couple of days I've looked at Kryptos dying out really big disclaimer

For a lot of people as I see the Confusion over and over again Traders Versus investors I want to show you Exactly what that looks like on the Chart as well trading you can make Profits Whenever Wherever however Investing different story because you're Going to be holding it for a longer term Than a Trader a Trader is short-term an Investor is a longer term hopefully We've got that through the Noggin so far I know as the bull market comes there Are more new people and so we have to Continue to repeat those sorts of things So short term for BTC at the moment Prices need to stay out of this Zone Here between the 26 and a half and 29 000. I posted this specific chart on Twitter yesterday so if you're not Following use those links down below Twitter and Instagram my only real Accounts down there don't get scammed Out there I don't talk to people in DMS All right so the importance here is that Bitcoin stays out of the Zone because This was the previous reaccumulation Zone for Bitcoin before it moved to Higher prices if it drops back into this Zone then the re-accumulation didn't Work the prices were marked up slightly And then came back into that zone which Typically generally means that we will Start to fall lower from that that price Point that Trading Zone however the good

News here is that Bitcoin rebounded Really heavily off the exact top of that Trading range really really beautiful There there were no closures underneath Wicks are fine or tops and lows of bars Are fine if you want to use your candles The Wicks are absolutely fine but you Just don't want to see the market start To close in this zone so so far we've Had a nice high close and a pretty good Reversal signal with these two bars or If you love your candles the same signal You've had a reversal there big day down Big day back up with a higher close so Typically you would expect this market To continue up from that point so where Does that leave Bitcoin and Cryptocurrencies right now well this is The Wyckoff accumulation schematic that We've covered many many times on the Channel right when everyone was looking At this entire period as being a phase B Looking for a lower price looking for Another spring test and ShakeOut you can See that we were looking at this as Being the start of a phase e so we were Looking at this going up and there were Plenty of comments from people saying You'll be wrong and just wait until the Market goes down you'll take this chart Down no this I'm keeping this up even if It was wrong it's a learning but right Now so far it's been absolutely correct The market has pushed up from this point

And 26 900 is a distant memory for now There is a possibility of this coming Back but let's not get too far ahead of Ourselves just yet so this is the Wyckoff schematic that I've posted here This is where we currently sit it's been One two three four into our fifth week From that post uh that happened from the Banking crisis low and because of how Severe that banking crisis low was That's really one of the main reasons Why I continue to post about the market Most likely not impossible but most Likely not revisiting underneath this Low I don't think Bitcoin is going to Revisit underneath nineteen and a half Thousand dollars based on how severe the News and the sell-off was for that Period and then directly after it Straight after that period the market Boomed from that point 19 and a half all The way straight up to 29 000 so Basically a 50 move in a matter of two Weeks almost less than two weeks that is A really big sign from Bulls telling you That bears have now been cut out of the Market they've basically been left Behind and they are now hoping and Praying that they get lower prices and Every time I say that you go and look in The comments section people are getting Really frustrated thinking that this Market will eventually go back down and They'll get their time again to buy it

Under uh 19 and a half thousand or Twenty thousand dollars that's a clear Sign that these guys have missed out and Now uh what it's called is that they get Trapped out of the market and they just Keep watching the market climb up and Climb up and climb up and that gets Really wearing on the emotions you let Me know in the comments section if You've ever had that happen to you and That's part of becoming a full-time Long-term investor is understanding Those emotions and how it works so these Guys are now trapped out of the market And as every day goes on it just becomes So much more grinding on them to try and Get back into the market to try and hope That we come down to come up with some Sort of reason yes go through every Single reason that's happened out there In the US stock markets with the economy With what the fed's doing with the Quantitative easing with the Quantitative tightening with Money printing with anything that is Fearful that is what is coming up next The next narrative commercial real Estate collapse okay so there's always a New narrative but Prices continue to go up so the Importance here for me continuing to Repeat those things is how the news Cycles work and the new cycle will Continue to to play out it's never going

Away but our job is to understand what That new cycle is and compare that to What's actually Facts what is actually going on in the Chart which is basically what the smart Money is doing and right now they're Buying up eventually we will come back Down You know I'm not only saying that we Ever go up into a bull market to new All-time highs there will be a Peak at Some point and I think that's coming in April or May okay so let's keep that in Mind as we continue to push a little bit Higher here we'll get a rollover and That's what happens how does that look It's exactly this the next question was What happens after phase D what happens Into phase e essentially so this was Phase a This is Phase B If I see Phase D and it seems like we're in the Phase e right now so what happens is we Go through a Wyckoff price cycle it's Pretty basic and it just goes on and on And on and on until we reach the top Again and basically within these periods It's basically a markup and a markdown Which is a schematic over the top of That it'll be a distribution at the top It'll be an accumulation at the bottom On a smaller term time frame and Depending on where that low comes in is

At a higher low well then you get that Schematic form right there And from that point you start the whole Cycle again and again and again until we Continue to climb up and then on the way Down the same sort of things happens Down and down And down you get the picture I don't Need to go through it's not primary School here that's as basic as it is so Once we hit that top we start to come Back down put those lower highs in then We'll come back and find out where the Next support level is which leads me to Cryptocurrencies all coins that you can Really tell that this is the next big Topic that a lot of people want to talk About because all coins have basically Been putting in a few percent gain here And there and I think a lot of people Are just getting edgy to try and Degen Into the market and just bet on the next Big thing this is the previous cycle I've gone through and just given it a Rough Wyckoff schematic here looking at A selling climax a secondary test an Automatic rally a trading range the top Here another secondary test you've got a Springtime test last point of supply and Then a push out of the trading range That gives you a sign of strength then a Backup and a last point of supply and Then Market goes on its Mega Ball run That just goes way way way up okay so

This is the important part right here to Have a look at Because we're not at this stage yet for That mega mega Bull Run I think we're in This stage here having said that doesn't Mean you can't make a crap ton of money Right now just like what I've shown you Plenty of times with our traders in our Tia premium over there link is in the Top of the video description where else Would it be you know this is YouTube They're making great games because they Are trading this market and I want to Show what that looks like on the chart Because you can make gains right here And then short the market then up and Down and up and down but the big thing Here is a lot of these coins that are Around at these lows won't be around at The next lows and won't be around making Great gains when the market finally Breaks out of those tops and even if They do they may not be making gains Like Bitcoin is making and that's what I've talked about on the channel just Two days ago where I've titled it crypto Is dying out so I stand by that because That's exactly what happens every single Time and it has to happen because not All of these 20 000 projects are going To make it if you think your one project Is going to make another 20 000. good Luck to you I wish you all the best but The odds are heavily stacked against

That one particular crypto especially if It was just new from the previous cycle And yeah it's going to make it all that Sort of stuff look if that's the game You're playing that's the game you're Playing maybe you'll get your 100x maybe You won't I'd rather stick around for The longer haul stay here for the years That I have done rather than try and Take a big swing and a miss on one Particular crypto however that is 100 Normal behavior for humans they would Much rather take a swing and a miss bet The house on something in the hopes of Getting 100x rather than just taking the Easy moves and just making 2X or 5x or maybe a 10x they'd rather Try and get the 100x this is normal Human behavior you can see it's Basically Sports gambling and that's why You have a whole ton of degens that come Here trying to make those hundred X's It's just the human psychology so if you Can stay away from that you'll last a Lot longer make your five X's it's Excellent money 5x 10x come on uh where Else are you going to get that you're Not going to get that in property and Just take it for what it is bag those Gains put into something that's a little Bit more boring more slow and build upon That Enough of my rant back to this chart Here and why I think we're not there

Just yet there is going to be games to Be made trading for sure but I think We're in this particular range right now Or if you're really Keen maybe we're Coming out of this particular range here For all coins there's two different Systems playing here one is all coins That may make it from the previous cycle The odds are heavily stacked against us That's what the way it has to be some of Them may still do 20x or 50 XK but Where we could go wrong is that they may Just continue to die out against their BTC value and Bitcoin may continue up in The next cycle and they'll look like They're going up in their US dollar Value so fast forwarding To where we currently are today And this is what I can see with the Schematic at the moment so I've got my Phase a so this is the total Cryptocurrency market cap excluding BTC And excluding ethereum looking at the Top here Remember phase a we have our phase B and C we have our phase D but we haven't got The confirmation of a breakout yet of This particular phase it doesn't mean it Won't happen right now and we get that Move up if Bitcoin continues up because Bitcoin goes up the USD values go up This is the USD values this is not the Bitcoin value so you want the Bitcoin Values we go to the Bitcoin dominance

Chart which of course would mean Bitcoin Would be going up and alter going down Against the b2c value nonetheless this Is where we are it's a bit of a Rough Guide here because I'm still not sold That this is going to play out to the Upside I want to see that confirmation Yes I understand that this would be a Better time to buy because it is right At the low if you can pick the exact Lows you'd be up 40 just generally Speaking on those all coins from the Lows there in December but this is Really the safer area because it breaks Out of the accumulation zone so you'll Want to see that breakout now hold above And that move to higher prices Just like what we saw in the previous Range here You saw the move up the test The sign of strength so the SOS and then The backup and last point of Supply Before the market really takes off into That altcoin season but just repeating This part here even if we're in Something like that It doesn't mean that we can't have Fantastic gains because from the lows They're around 30 billion to the tops Here at 90 billion there's still a 200 Move to be had and maybe that's going to Be 100 150 maybe it's 200 either way There's still fantastic moves to be had It's just going to be shorter ranges to

Hold those cryptos for so it's just Going to come down to your time frame on How long you choose to hold these old Coins maybe we get that move up and then Move back to the the highs to retest And then those old coins die out just The old ones maybe they don't have Another move in that next cycle maybe They just start to die out to the Downside so that's why it's really Important to keep an eye on both charts Particularly of your old coins that have Been around from the previous cycle this Cycle right here all that gaming and Metaverse crap that is that basically Has no use whatsoever probably some Other narrative like AI will overtake it And people will just flock to the next Shiny new coin or new narrative Essentially it's just basically Preparing for all of those scenarios so That you can remain in the markets for Longer because the long you're in the Market typically you're able to learn More and typically you're able to make Some more profits if you hear a short Time you just don't have the uh the Experience in a market to be able to Make it that far what if I'm wrong on These scenarios for all coins I want to Visit that so that I can be prepared in Case I am wrong and being wrong would be That downside at this point I think Maybe we're going up to this move here

And I've said I think maybe it might be This mover we get this fade out but it Could be a break above and then we fade Out of that point as well so it almost Seems like I'm saying that this isn't The exact same move as this and that we See the breakout and then the retest but At the same time we just don't have that Confirmation yet that's why I'm not as Confident in this particular move to the Upside for the all coins as I have been For the Bitcoin breakout we had that Really solid move big push of the Downside then big volume to the upside That's what got me really confident There we haven't seen that yet for all Coins which means maybe we break down From this point maybe we break out and Then continue to break down from that Point so we just get a higher low which Is stronger that's this scenario that we Would uh we would want to see for Altcoins for the longer term the break Out of this Zone and then retest Otherwise we get a rejection here and Then a fade out again that's going to be A longer grind for all coins now there's Another area that I could be wrong Similar to the first but maybe these Phases are all labeled incorrectly we Just don't know until we get that Breakout which then confirms all of the Other phases so while we're in this Particular range here that could mean

That this may only be phase a I'm Playing all scenarios here because I Don't have the answers it's black on the Other side of the chart I just I can't Move across and tell us what's actually Happened so I need to understand what Could happen and where I could go wrong So that I can be prepared for it in case I am wrong hopefully you guys do the Same but from this point maybe this is Only the the whole phase a so maybe We've just moved down into this Zone and What we're about to see is just that Move to the upside I think it's less Likely I still don't think there's going To be some big big moves yet because of The timing aspect we haven't gone Through a long enough accumulation zone Or at least a long enough sort of area Of a trading range for the old coins Just yet before we get this big Explosive blow-off move but like we saw In the previous cycle we did have two Reasonably solid trading ranges one Through the first section and then one Through uh December into that February Period so they're both pretty good from That 37 billion to about 80 billion so About 100 move at that point then we Even had the D5 summer of 2020 which led All the way up into the breakout here Into August so there were a couple of Good moves there I think that one's Probably due later next year so we're

Potentially going to see something like That or something like this I'm not Anticipating a Black Swan event let's Just keep that out of the way you can't Anticipate those so let's forget about Them so what we'd look for is that Breakout and the continuation of this Particular wycloff schematic otherwise We get the breakdown from this point Then we would have to shift all of these Phases to the right revisit it come back To the Chart either way hopefully you've Made some profits and you are enjoying The content here on the channel by Hitting that like subscribing to the Channel check out our free crypto and Economic report otherwise get on board With the trading over there at Tia Premium trading courses and exclusive Community I'll see you guys back here For the next video have a great day Until then peace out

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