Gavain

Wyckoff distribution ending to the Bitcoin bull cycle?

BITSTAMP:BTCUSD   Bitcoin
The fractal you see is taken from the Bull run we saw earlier this year. This would in fact be a unusual ending to a btc bull cycle, since we saw a "blow off top" or a sharp increase in price followed by a sharp decrease in 2017/18 and 2013/14. But, due to the pullback in May that lasted all the way ´till august, this is a scenario would play out nicely. This would also signal that the top for Btc in this bull cycle is around 75,000 USD. After this top comes in, the Alt- season has a green light and smart money currently in btc will flood into the altcoin market. The returns are not in Btc anymore, we must now look at the altcoin market.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.