Possible Wyckoff distribution in BTC
Updated
ST was not the strongest, still have not retested the SOW either.
Wyckoff method definition: https:// school.stockcharts.com/doku. php?id=market_analysis:the_wyckoff_method
Wyckoff method definition: https:// school.stockcharts.com/doku. php?id=market_analysis:the_wyckoff_method
Comment
Reached support at 45. Confirmed under 43.Comment
Confirmed.Comment
200 DMA about to slope down for first time since fall 2019, continues to test support with each bounce becoming weaker. If 30k does not hold it can be at 18-20k in a flash. Bearish thesis negated with reclaim of 43 and 45 levels.
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