{"id":396473,"date":"2019-09-18T19:00:27","date_gmt":"2019-09-18T19:00:27","guid":{"rendered":"https:\/\/uniquehot.com\/?p=396473"},"modified":"2024-06-11T13:25:33","modified_gmt":"2024-06-11T13:25:33","slug":"crypto-wyckoff-distribution-bitcoin-accumulation","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-wyckoff-distribution-bitcoin-accumulation\/","title":{"rendered":"Crypto Analyst: Brutal Wyckoff Distribution Expected As Bitcoin Cools Offs"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Throughout much of the bear market, one of the themes that kept crypto investor\u2019s hope alive in crypto investors was the thought that <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> was being accumulated, according to Wyckoff theory, at low prices by major players and institutions. After that, eventually, the markup phase would occur and the first-ever crypto-asset would be back in a bull market in no time.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Now that Bitcoin price has indeed been marked up, by as much as 340% at its peak and is consolidating before its next move, the market appears undecided if it\u2019s in a reaccumulation or distribution phase. However, one crypto analyst says that the parabolic rally hasn\u2019t retraced quite enough, and that could lead to \u201cbrutal distribution.\u201d<\/span><\/p>\n<h2>Wyckoff Method: Is Bitcoin in a Reaccumulation Phase or Is &#8220;Brutal Distribution&#8221; Coming?<\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/uniquehot.com\/2019\/09\/17\/bitcoin-altcoin-season-short-term\/\">Bitcoin price is currently locked inside a tightening trading range<\/a> within a triangle pattern formation and could break out in either direction <a href=\"https:\/\/uniquehot.com\/2019\/09\/16\/low-volatility-bitcoin-price-action-decision-time-is-near-powerful-move-incoming\/\">ending the market\u2019s indecision and choosing the trend ahead<\/a>.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If <a href=\"https:\/\/uniquehot.com\/2019\/09\/13\/poll-more-than-half-of-bitcoin-investors-expect-triangle-breakout\/\">Bitcoin is to break up from the triangle<\/a>, the consolidation would be viewed as a reaccumulation phase before the crypto asset trends much higher, potentially setting a new all-time high and resuming a bull run.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/09\/13\/poll-more-than-half-of-bitcoin-investors-expect-triangle-breakout\/\">Poll: More Than Half of Bitcoin Investors Expect Triangle Breakout<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">However, if Bitcoin were to break down from the triangle, the consolidation may actually be distribution.<\/span><\/p>\n<p>https:\/\/twitter.com\/traderescobar\/status\/65282049?s=21<\/p>\n<p class=\"p1\"><span class=\"s1\">As of now, Bitcoin has only retraced roughly 30% from its local high, and one crypto analyst suggests that this isn\u2019t enough, and is a sign that \u201cbrutal distribution\u201d may be ahead once the price starts falling.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to the <a href=\"https:\/\/www.investopedia.com\/articles\/active-trading\/070715\/making-money-wyckoff-way.asp\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Wyckoff method<\/a>, after accumulation comes the markup phase, followed by a distribution phase. The methodology adheres to the idea that supply and demand are in a constant fight for balance, and during distribution phases, the market begins to fall once the supply being sold into the market begins to outweigh demand.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-396475\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/Screen-Shot-2019-09-18-at-10.52.22-AM.png?resize=627%2C337\" alt=\"wyckoff method distribution bitcoin crypto\" width=\"627\" height=\"337\"><\/p>\n<p class=\"p1\"><span class=\"s1\">In the above Wyckoff schematic depicting what a distribution phase looks like, the current Bitcoin price action since June has been superimposed over the schematic to demonstrate how they may or may not compare.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/09\/02\/bitcoin-price-following-2016-bull-market-reaccumulation-pattern\/\">Bitcoin Price Following 2016 Bull Market Reaccumulation Pattern<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The two are remarkably similar until recently, where Phase C would be playing out. In the schematic, if this is indeed textbook Wyckoff distribution, the price would rise yet another time to the \u201clast point of supply\u201d which would sufficiently absorb any remaining demand before the supply overwhelmed that demand and prices begin to fall.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-396477\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/Screen-Shot-2019-09-18-at-11.44.41-AM.png?resize=650%2C345\" alt=\"bitcoin wyckoff accumulation crypto\" width=\"650\" height=\"345\"><\/p>\n<p class=\"p1\"><span class=\"s1\">Alternatively, <a href=\"https:\/\/uniquehot.com\/2019\/09\/02\/bitcoin-price-following-2016-bull-market-reaccumulation-pattern\/\">Bitcoin could be in a reaccumulation phase<\/a>, or the \u201csign of strength\u201d phase that validates the prior \u201cspring\u201d which would have been the December 2018 bear market bottom as can be seen in the chart above. If <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> is in reaccumulation and not distribution, things will indeed get brutal, but only for bears shorting Bitcoin during a confirmed bull market.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Throughout much of the bear market, one of the themes that kept crypto investor\u2019s hope alive in crypto investors was the thought that Bitcoin was being accumulated, according to Wyckoff theory, at low prices by major players and institutions. After that, eventually, the markup phase would occur and the first-ever crypto-asset would be back in a bull market in no time. Now that Bitcoin price has indeed been marked up, by as much as 340% at its peak and is consolidating before its next move, the market appears undecided if it\u2019s in a reaccumulation or distribution phase. However, one crypto analyst says that the parabolic rally hasn\u2019t retraced quite enough, and that could lead to \u201cbrutal distribution.\u201d Wyckoff Method: Is Bitcoin in a Reaccumulation Phase or Is &#8220;Brutal Distribution&#8221; Coming? Bitcoin price is currently locked inside a tightening trading range within a triangle pattern formation and could break out in either direction ending the market\u2019s indecision and choosing the trend ahead. If Bitcoin is to break up from the triangle, the consolidation would be viewed as a reaccumulation phase before the crypto asset trends much higher, potentially setting a new all-time high and resuming a bull run. Related Reading | Poll: More Than Half of Bitcoin Investors Expect Triangle Breakout However, if Bitcoin were to break down from the triangle, the consolidation may actually be distribution. https:\/\/twitter.com\/traderescobar\/status\/65282049?s=21 As of now, Bitcoin has only retraced roughly 30% from its local high, and one crypto analyst suggests that this isn\u2019t enough, and is a sign that \u201cbrutal distribution\u201d may be ahead once the price starts falling. According to the Wyckoff method, after accumulation comes the markup phase, followed by a distribution phase. The methodology adheres to the idea that supply and demand are in a constant fight for balance, and during distribution phases, the market begins to fall once the supply being sold into the market begins to outweigh demand. In the above Wyckoff schematic depicting what a distribution phase looks like, the current Bitcoin price action since June has been superimposed over the schematic to demonstrate how they may or may not compare. Related Reading | Bitcoin Price Following 2016 Bull Market Reaccumulation Pattern The two are remarkably similar until recently, where Phase C would be playing out. In the schematic, if this is indeed textbook Wyckoff distribution, the price would rise yet another time to the \u201clast point of supply\u201d which would sufficiently absorb any remaining demand before the supply overwhelmed that demand and prices begin to fall. Alternatively, Bitcoin could be in a reaccumulation phase, or the \u201csign of strength\u201d phase that validates the prior \u201cspring\u201d which would have been the December 2018 bear market bottom as can be seen in the chart above. If Bitcoin price is in reaccumulation and not distribution, things will indeed get brutal, but only for bears shorting Bitcoin during a confirmed bull market.<\/p>\n","protected":false},"author":517,"featured_media":396474,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[428,6664,8585,55292,14988],"class_list":["post-396473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-bitcoin","tag-crypto","tag-distribution","tag-reaccumulation","tag-wyckoff-method"],"acf":[],"yoast_head":"\n<title>Crypto Analyst: Brutal Wyckoff Distribution Expected As Bitcoin Cools Offs<\/title>\n<meta name=\"description\" content=\"According to Wyckoff method, Bitcoin may be in either a distribution phase or an reaccumulation phase, and the crypto market will soon decided which.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/crypto-wyckoff-distribution-bitcoin-accumulation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst: Brutal Wyckoff Distribution Expected As Bitcoin Cools Offs\" \/>\n<meta property=\"og:description\" content=\"According to Wyckoff method, Bitcoin may be in either a distribution phase or an reaccumulation phase, and the crypto market will soon decided which.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/crypto-wyckoff-distribution-bitcoin-accumulation\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-18T19:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:25:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/crypto-bitcoin-wyckoff-distribution-accumulation-shutterstock_1066387436.jpg?resize=860,573\" \/>\n\t<meta property=\"og:image:width\" content=\"860\" \/>\n\t<meta property=\"og:image:height\" content=\"573\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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