Wyckoff Accumulation Schematic - Chart pasted again in comments in the following link with additional details, explanations and indicators:
https://www.tradingview.com/chart/BTCUSD/P07Gk3YT-Wyckoff-Accumulation-Schematic-Chart-pasted-again-in-comments/The following link is an image to provide an example of one type of Wyckoff Accumulation Schematic #1:
https://i.imgur.com/gcrmXTd.png It appears I was correct in a BTCUSD idea published on February 18, 2018 when I said, we dropped from ATH (All Time High) approximately 70%. It was my opinion <at the time> this required us to begin an Accumulation Schematic again. In another idea I published on March 11, 2018 I made the error of using the 360 minute (6h) Time Frame to draw conclusions on the "location" of events within the Schematic. As I've mentioned before, we should "generally" use high Time Frames (4-Day or higher) when applying Wyckoff rules and schematics to determine the long term Technical Analysis of a pair. I failed to exercise my very opinion recommended to others in previous publications. It's quite obvious, in my opinion, we are in an Accumulation Schematic. Apologies for not sticking with previous logic of accumulation after a 70% drop from All Time High.
When transitioning from one Schematic to another after a major event, it can be difficult at times to determine "where" we may be within a new schematic and whether it will be accumulation or distribution. We have learned from experience here that a 70% drop from All Time High definitely justified beginning a Wyckoff Accumulation Schematic. We would simply be challenged with the task to determine where Preliminary Support will be within that Accumulation Schematic to determine where an Automatic Rally should peak <approximately> near Preliminary Support level . In fact, the PEAK of the Automatic Rally in Phase A "confirms" our location for Preliminary Support as identified on the chart above.
We are currently in Phase B and heading down towards the bottom of the Trading Range between $5,920 and $11,780. I'm expecting us to fall just below the bottom of the trading range at $5,920 to approximately $5,366; where we will "potentially" begin a Wyckoff SPRING and mark the end of this bear trend.
It is said, "Phase B serves the function of “building a cause” for a new uptrend (See Wyckoff Law #2 – “Cause and Effect”). In phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more), and involves purchasing coins at lower prices and checking advances in price with short sales. There are usually multiple Second Tests during Phase B, as well as upthrust-type actions at the upper end of the Trading Range. Overall, the large interests are net buyers of shares as the Tra evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range.
Early on in Phase B, the price swings tend to be wide, accompanied by high volume . As the professionals absorb the supply. However, the volume on downswings within the Trading Range tends will diminish. When it appears that supply is likely to have been exhausted, the coin is ready for Phase C.
Keep in mind, there is still the "possibility" for a Wyckoff Accumulation Schematic #2
https://i.imgur.com/54FyNdB.png to play out instead of #1. I'm leaning more with Accumulation Schematic #1
Here is a link with further information on the EVENTS TO OCCUR WITHIN THE SCHEMATIC. It was put together well in a short synopsis of Wyckoff Schematics:
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method 
Same 4-Day chart but with indicators:
Poll
