Short

Possible Wyckoff distribution in BTC

Updated

ST was not the strongest, still have not retested the SOW either.

Wyckoff method definition: https:// school.stockcharts.com/doku. php?id=market_analysis:the_wyckoff_method

Note

Reached support at 45. Confirmed under 43.

Note

Confirmed.

Note

200 DMA about to slope down for first time since fall 2019, continues to test support with each bounce becoming weaker. If 30k does not hold it can be at 18-20k in a flash. Bearish thesis negated with reclaim of 43 and 45 levels.

TerminallyBullish88

Also on:

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.