I wanted followers to COMPARE the chart ABOVE with this Schematic Image -
https://i.imgur.com/gcrmXTd.png I've found - When comparing Wyckoff Accumulation Schematics to crypto currency pairs AFTER a major consolidation event - the highs of the Automatic Rallies in Phase A are hardly ever near the same level as the highs of automatic rallies in phase B. So, do NOT assume Phase A "highs" on crypto currency charts MUST look the same or similar to that which is seen in a Wyckoff Accumulation Schematic. That schematic is ONLY an example and by no means implies the price action MUST play out EXACTLY as depicted in the Schematic.
Wyckoff Schematics MAINLY referred to stocks NOT crypto. Stocks hardly EVER drop down the percentages crypto does in such a short time span. Nor do they hardly EVER pump up the percentages crypto does in such a short time span. This is the main reason the HIGH of an Automatic Rally in Phase A is hardly ever up to the height of the highs in Phase B of an Accumulation Schematic.
Also keep in mind I "know" I have members of Composite Groups who frequent my posts in publications. I'm NOT saying that to be arrogant or to act like I'm "somebody of note." Cause I'm not... I simply "know" because two of them are following me. Also, I'm NOT going to say their user name.
I'm simply pointing this out to say this information could be used to your disadvantage if you're not careful. Meaning, it's STILL possible they take this down to the 0.618 FIB at $8,123.82 before they begin a SPRING with A TEST.
Remember, as I posted in the note in the chart above, a SPRING is a price move BELOW the support level of the Trading Range (TR) established in phases A and B that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop BELOW support APPEARS to signal resumption of the downtrend. IN REALITY, THOUGH, this marks the beginning of a new uptrend, trapping the late sellers, or bears. In Wyckoff's method, a SUCCESSFUL test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity.
IMPORTANT: A low-volume SPRING (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The key is checking the volume in our current location compared to previous downward price movements.
NOTE: how I had the Red Horizontal Ray marking the Upper part of the trading range (TR) and the Black Horizontal Ray marking the SUPPORT part of the trading range (TR). We have just now went below the support line of the trading range. The BLACK SUPPORT LINE of the TR at $9022.82 and the RED RESISTANCE LINE of the TR at $11,780.
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 Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online:
http://www.traders-software.com/Trading%20Books/ An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, Support/Resistance , and Waves" -
https://www.youtube.com/watch?v=uzISUr1itWg&=&ytbChannel=BigMikeTrading
The only platform that I can find which allows for US Citizens who are not millionaires is Kraken. However, I don't think I have what it takes to short on margin, because every time that I do, I usually close my position in less than one hour because it is too nerve wracking. 
