$SNOOFI Wyckoff Accumulation Schematic – Mr. H (29/09/2024)

Snoofi have always been one that respected TAs and charts, which makes doing TA on it much more accurate as well.
There are charts that doesn’t respect TA this well, be it due to volume, distributions, popularity, types of holders. But snoofi is definitely one that has all that, which makes it worthwhile to conduct technical analysis on. (This itself is a good indication on how widely adopted $snoofi is)

In the midst of writing up the previous TA Update that I’ve posted hours ago, I noticed this Wyckoff Accumulation Schematic which I am familiar with.
It was accurate for broader market analysis on $BTC, and large caps like $LINK, $OTHERS, $ADA, and lower time frame analysis on some of the large caps or other asset classes which I have traded on over the years. All of which I do outside of this profile.

Note that this is just an observation and since it has respected it well thus far, the theory remains intact. In hindsight in the future this will be amazing to see how the chart plays out according to it.

Another positive sign spotted ✅

Wyckoff Accumulation Schematic #1 Theory

Wyckoff Accumulation Schematic on $snoofi 4H Chart

Wyckoff Accumulation Schematic on $snoofi 1H Chart

Link to original post on X for reference: https://x.com/MisterHcrypto/status/1840393040110006470