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

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