As it says on the tin, an analysis to establish whether the current bottom would fulfill the Wyckoff criteria. Volume is a bit hard to read, as BTC went through 3 black swan events in a row (LUNAUST/3AC/FTX), of which the latter closed the second biggest exchange in the market, which certainly impacted volume. That said, the principles still seem to hold.
We now need to see a BUAC on diminishing volume, followed by demand being in charge for Phase E. Feels a bit like sailing against the wind, but the chart never lies, they say.
We now need to see a BUAC on diminishing volume, followed by demand being in charge for Phase E. Feels a bit like sailing against the wind, but the chart never lies, they say.