How to trade crypto using Wyckoff accumulation theory By Cointelegraph

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On Dec. 2, independent market analyst Stockmoney Lizards said (BTC) had entered the process of bottoming out inside its current $15,500-$18,000 price range, citing Wyckoff Accumulation.

Wyckoff Accumulation is a classic technical analysis setup, named after Richard Wyckoff, a technical analysis pioneer in the first half of the twentieth century, who broke down the market cycle into four distinct phases.

The phases of Wyckoff market cycle. Source: TradingCoach.co.in

Accumulation events and phases

Wyckoff accumulation schematic featuring its events and phases. Source: StockCharts.com
12-hour price chart showing a potential Wyckoff accumulation setup. Source: Stockmoney Lizards
Bitcoin’s failed Wyckoff accumulation setup from 2020. Source: TradingView
Bitcoin’s Wyckoff accumulation setup from 2021. Source: TradingView