Wyckoff Analysis - BTC distribution Might Ignite Soon

Short

Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)

BINANCE:BTCUSDT.P Bitcoin / TetherUS PERPETUAL CONTRACT

Economic Cycles Supply and Demand Support and Resistance wyckoff distribution short accumulation Bearish Patterns LOW

economiccycle supplyanddemand supportandresistance wyckoff distribution short accumulation bearish low

Looking at the chart, seems like the UTAD & Preceded test were successful and the change of character is completed, all we have to do now is wait for the price to break the support line, and look for the LPSY
i don’t own Bitcoin right now, I’ll position myself when the Distribution will end

Idées en relation

about BTCUSDT 1

about BTCUSDT.P

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.