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Issue 116 – Bitcoin Reaccumulation or Distribution?

November 18, 2021


Is Bitcoin carving a Wyckoff distribution pattern like we saw in May? Or is this a reaccumulation phase before the big move north?

That’s the question I’m addressing in today’s newsletter.

Plus, updates on the BTC short-term chart, DXY, ETH, and VET.

Let’s go!

Wyckoff Schematics: Here We Go Again

By now, I’m sure you’ve seen the Wyckoff posts circling on Twitter.

Ever since Bitcoin carved a distribution schematic between February and May and then an accumulation phase a few months later, everyone is an expert.

I say that jokingly, but it’s also true.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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