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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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.