Wyckoff accumulation BITCOIN FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME:BTC1! szoerb It appears that BTC is in phase D of the Wyckoff accumulation schematic. This is coming on the heels of a classic distribution event that ended with the selling climax in May. While this distribution event resulted in a thorough correction, we have not retraced far enough to invalidate the Elliot wave count. Wave two is wrapping up on the smaller set of waves that begun after the spring . The much larger cycle of waves is currently at the beginning of wave three. Fibonacci extension contains potential price targets.