Bitcoin in Wyckoff Distribution 😱
Updated
Bitcoin in a Wyckoff Distribution for the last 16 days
Supply may begin to dominate
🔴 Short-term pullback coming into the weekend.
🔴 On Balance Volume confirms weakness
⭐ Macro bull market, I would buy the dip!
Supply may begin to dominate
🔴 Short-term pullback coming into the weekend.
🔴 On Balance Volume confirms weakness
⭐ Macro bull market, I would buy the dip!
Trade closed: stop reached
🚨 Trade is invalidated.⭐ Price moved above previous Last Point of Supply.
⭐ On Balance Volume seeks to regain uptrend!
Note
Note
🚨 In case anyone missed it, trade was closed yesterday.Wyckoff Distribution was invalidated by price and bullish volume!
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