Get started
tychelab

BTC distribution or re-accumulation?

Bitcoin (COINBASE:BTCUSD)  
tychelab  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Beyond Technical Analysis BTCUSD btcusdlong btcusdshort
3
0
trendanalysis chartpattern beyondta btcusd btcusdlong btcusdshort
The charts shows two paths for BTC. From here it can follow the either one.

RED one is distribution schematic.
GREEN one is re-accumulation schematic.

Personally I'm leaning towards distribution schematic but if I see some strength around 9100, I'll switch bullish.

Any Price weakness around 10100 will trigger shorts.

Play patiently!

Related Ideas

tychelab
Bitcoin Market Update
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.