Higher highs and higher lows while battling top of range during the Wyckoff accumulation structure is a good sight for my eyes. Even better when seeing reddit posts titled “WTF just happened to Bitcoin”. Loving it!
During (or technically before and during) the SoS phase we already see the LPS phase emerging. This is just that, battling last point of support. When we move through this level exitement will blow up like crazy, everyone still bearish will wait for a retrace down, which typically doesn’t show up after LPS phase. Instead we will see Fomo at 40K BTC. Typically we see a blow off top as the bears returns as bulls, followed by several smaller bull traps on our way back down towards May 2024.
Unless nukes start flying I see no reason to expect anything like a crashing structure before 2024. More like quick moves up and slow grinds down – opposite of a crash.
Exiting times to be alive!
submitted by /u/TheFirstBull to r/Cryptomist
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