$BTC : Wyckoff Schematic for the last cycle.

> Accumulation at $3K.

> Reaccumulation through 2019-2020.

> Markup into new ATHs.

> Distribution at the top.

> Redistribution on the way down.

Then the new accumulation phase begins for the next bull run.

Every phase built the cause for the next one. The longer the range, the bigger the move that followed.

This framework was written in 1931 and it still maps perfectly onto $BTC nearly 100 years later.

Next post I'll show you where we are in the current cycle.