Possible BTC distribution?
Hello my beauties.
There are signs that BTC might retrace hard after a sudden sign that the prices are getting weaker in proximity of the fresh ATH.
I believe that BTC could be entering a phase of distribution, though I am currently long until 67000. I will wait for confirmation of weakness and successively evaluate an entry in the areas evidenced in red.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
There are signs that BTC might retrace hard after a sudden sign that the prices are getting weaker in proximity of the fresh ATH.
I believe that BTC could be entering a phase of distribution, though I am currently long until 67000. I will wait for confirmation of weakness and successively evaluate an entry in the areas evidenced in red.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
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