Amazon as a Tech Stock have dominated the market in the last two decades. According to veteran investors, now it is considered to be a "crowded trade"... Big money is looking for new trades with 10x potential (Crypto being one of them), which stocks like AMZN or other FAANG stocks cannot deliver. Are we seeing a Wyckoff Distribution pattern playing out on this chart right before the final dump, as big money is rotating their profits into other sectors?
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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.