A major Distribution Schematic could be playing out. I am cautiously bullish on some crypto but these higher timeframe distribution patterns on BTC/XAU, BNB, SOL and many more will eventually play out. Just a friendly warning to all. Do your own research, not financial advice
Welcome to what could be, the next decade of the crypto market
Welcome to what could be, the next decade of the crypto market
Note
Distribution has caused the BTC price to drop below 83k. I am expecting a strong move down over the next few weeks to around 50k levels maybe lower. I will be waiting for Accumulation patterns for a long term hold but for now still short BTC.
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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.