Bitcoin in Wyckoff Distribution
BTC may be in phase C of Wyckoff Distribution.
- If price does not break $8400, this could be the "Last point of Supply" LPSY.
- If price breaks $8400, we can see UTAD "Upthrust After Distribution" and look to break previous high before selling off.
- If price does not break $8400, this could be the "Last point of Supply" LPSY.
- If price breaks $8400, we can see UTAD "Upthrust After Distribution" and look to break previous high before selling off.
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