#BTC Weekly Wyckoff
It's been a long time I haven't posted anything, I've been active on Telegram (@TrendySquadTA) rather than at TradingView.
I have drawn daily Wyckoff distribution pattern on May once BTC tops, 3 tops with bearish divergence, but this was only the first leg of weekly wyckoff from 3 possible - BC, UT, UTAD.
It doesn't mean this will play, but if so, better to know where potential top will be!!!
Don't be fool, if weekly Wyckoff plays, there's no return this time and we'll enter a bearish cycle, on the other hand, if breaks current high and finds support above (healthy), it may keep on running for another impressive pump which ALTs should follow.
Cheers
I have drawn daily Wyckoff distribution pattern on May once BTC tops, 3 tops with bearish divergence, but this was only the first leg of weekly wyckoff from 3 possible - BC, UT, UTAD.
It doesn't mean this will play, but if so, better to know where potential top will be!!!
Don't be fool, if weekly Wyckoff plays, there's no return this time and we'll enter a bearish cycle, on the other hand, if breaks current high and finds support above (healthy), it may keep on running for another impressive pump which ALTs should follow.
Cheers
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