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I heard plenty of chatter that BTC formed a Wyckoff Distribution into the dip. Similar to
BTC, I see a fairly neat Wyckoff Accumulation here with 
ALGO that may indicate we have seen the bottom. If this holds, we should go "back-up" and flip the resistance into support on a retest.
However, I am new to this pattern and it is possible the "Spring" is actually "ST in Phase B". If that is the case we would drop below $.67.
I would be happy to hear from someone more experienced.
I heard plenty of chatter that BTC formed a Wyckoff Distribution into the dip. Similar to
BTC, I see a fairly neat Wyckoff Accumulation here with ALGO that may indicate we have seen the bottom. If this holds, we should go "back-up" and flip the resistance into support on a retest.However, I am new to this pattern and it is possible the "Spring" is actually "ST in Phase B". If that is the case we would drop below $.67.
I would be happy to hear from someone more experienced.
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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.