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According to Wyckoff’s law, a high volume of transactions takes place in the Accumulation zone. Therefore, it is necessary to witness an increase in the volume of transactions in the range where there is a possibility of turning the trend. Examining the current price range of Bitcoin does not show a high transaction volume in the exchanges. If we do not see an increase in the volume of transactions in this range, we should consider the possibility that we have not yet reached the Accumulation range. submitted by /u/on-chain to r/technicalanalysis |