Accumulation or redistribution?
In my previous post, I made an analysis of my doubts in the current market, using Wyckoff's logic. Now I find it appropriate to comment on the current situation of
$BTC in 15M, since it is a little different from what we have been seeing.
Currently, there is a beginning of accumulation or redistribution. What are the differences?
- If it is an accumulation, the price will try to get rid of those who entered the ST Phase B to take liquidity and will raise the price quickly and with great force.
- If it is a redistribution, the price will try to simulate that the false SOS generated previously will be broken to make the market believe that the bullish phase has returned, and then red candles will continue, bleeding the market.
No matter what, it is important to know that if the market does the expected Spring and returns to SC prices, the price will go up and it is possible to set a valid entry under these parameters, we know the Stop Loss and we know what the market is looking for.
Keep in mind that this chart goes in the opposite direction to the 1h and 4h charts, so you have to be careful
#15M #wyckoff