$BTC has entered the final stage ready to accelerate???
Last night after the exhaustion point regarding volume (the spring test according to WICKOFF), BTC confirmed a successful spring phase and officially acknowledged that BTC has begun the phase of capital accumulation (phase D according to WICKOFF). The re-accumulation zone from October 16, 2024, to November 6, 2024, in my view, remains unchanged as it is the final supply and demand testing area (major BU phase) in the medium and long term for BTC to surpass its all-time high. With these two factors, we are very close to the uptrend cycle after 8 months of accumulation for BTC from March 2024 until now. Therefore, at this moment, we need to be extremely focused on the market to avoid missing a wave that could change our destiny.
In the short term, after BTC officially confirms entering phase D, there have been continuous supply forces emerging during the capital accumulation process. According to the law of supply and demand, when the supply emerges, a corresponding demand must enter to balance the supply before the price can move in a new trend. To balance this supply, the characteristics of phase D always require phases of accumulating the sold goods and ending the repurchase process, indicated by exhaustion buying sessions (LPS). The accumulation process in phase D can vary in speed depending on the amount of supply emerging in the market; if the supply is large, the absorption process takes longer, as in January 2024 when it took over 11 days for the absorption of the emerging supply in phase D until supply was exhausted on February 5, 2024, when BTC officially entered the price pushing phase. Therefore, we currently need to evaluate and seek...