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Bitcoin Wyckoff Accumulation Pattern
Created on: 7/24/2019 8:33:28 PM   Last Update: 7/25/2019 11:49:21 PM Posted by: RTT

bitcoin-wyckoff-accumulation-patternMany see a US recession in the first half of the 2020 decade. The first half of many previous decades suffered a recession, it is normal. But this time it may be different, well kinda different bad!

A reminder of US recessions in a first half of a decade: 1953, 1961, 1970-73, 1980-82, 1991, 2001-2002

Of course the 2007 to 2009 GFC was just short of a new decade. Yet the reader can see the trend of recessions in the first half of a decade is established, and not unusual. 

Recession indicators are all over the web.

US Recession



Yes, there is another one coming. The US and German 10 year interest rates signal this very clearly.

A recession is a lit match of asset price deflation, but what it will set fire to has yet to determined. 

Possible names for the crisis lit by a recession in early 20XX ?

- Corporate Bond Debt Crisis of 20XX

- US Pension Crisis of 20XX

- The Great China Debt Implosion of 20XX

- We are all European Now. The world of negative interest rates. 

- The Great Sovereign Bond Crisis of 20XX

- The Passive Investing Crash of 20XX

- The Great Liquidity Crisis of 20XX

- The Leverage Loan Crash of 20XX

[Or all of the above]


We know from the recent crisis of 2008 these things can happen:

- change in accounting rules

- printing money

- debase of currency

- create bad banks

- freeze bank accounts

- execute bank bail ins

- spreads explode

- fund redemption freeze

- bank holidays

- the world plunges further into a negative interest debt mess

- On and on!


On a US (or World) recession,  Bitcoin (and its sister Litecoin) will attract scared money, and it will not take a lot of scared money to get bitcoin to double from current levels. Of course if bitcoin attracts scared money so will silver, gold and the US dollar.  

Here are some price charts showing bitcoins current situation.

Accumulation looks good so far.


Wyckoff Bitcoin



Is it crazy for a single bitcoin to be worth $40,000+ USD, that depends, consider this, Jason Pollock No 16 sold for $32M (Nov 12 2016). Perceptions change. If the market decides, the market decides.

Pollock No 16 Painting below, $32.6 M smackers ... really!


Pollock Jason No 16



Price working through parallel channels


BTC Channel



Major Channels View: Green aggressive. Red moderate.

BTC channel parallel



Bitcoin is here to stay.

Litecoin Log Chart, Parallel Charts supporting price action


LTC channels




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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

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Investing Quote...

..“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be.  The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”..

Jesse Livermore


.."it is better to have few stocks and to watch them carefully”...

Bernard Burach


.."Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets"...

Stan Druckenmiller


..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”...

Paul Samuelson


.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"..

George Soros




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