Anyway, back to topic... has this been posted yet ?
Wyckoff Scenario Improving
https://cryptoiq.co/bitcoin-btc-wyckoff-scenario-improving/

Wyckoff Scenario Improving
https://cryptoiq.co/bitcoin-btc-wyckoff-scenario-improving/

I rarely post here as I'm more active in niche areas of the site, however Wyckoff theory is something I particularly enjoy. I wanted to point out a couple of reasons why I do *not* think we are undergoing this particular schematic. The first thing worth noting is that Wychoff schematics are very much about horizontal support and resistance points. These interactions are key to each phase, A-E. You can quickly see that many of the anticipated breaks to higher highs or lower lows OR the retests of key lines in phases A,B,C simply did not occur. Additionally, the "SOS" flag looking thing in phase E is meant to show the market is able to consolidate just above what had historically acted as a rejection line or key resistance line. You can see this example in the schematic where the upper horizontal resistance line is touched 3 or 4 times before it's broken, and the market sits on top consolidating (showing it is properly accumulated and ready to mark up). In our real life scenario, no such break/consolidation period has taken place, at least not just above a previous strong resistance line. Instead, it jumped an entire $1k before beginning its consolidation period.
Please note, I'm not saying BTC didn't undergo accumulation, I'm simply saying this schematic does not fit. Some of it sorta/kinda does if you turn your head just right, but the essance of what wyckoff is trying to show does not appear in our sub $5k range. That being said, there are all sorts of other bottoms/reversal patterns that are appropriate with what we've seen, such as the famous "bump and run" schematic.
Lastly, the 2015 bear market bottom was a *picture perfect* textbook wyckoff accumulation schematic #1. If you compare the schematic to the actual chart, you'll see they are basically identical. This time, for the 2018 bear market, you really have to try hard to make it mentally fit and that's just not how wyckoff works.
Anyway, cheers. Hope that helps some of you in your wyckoff studies.