BTC Potential Distribution
BTC has a potential Wyckoff schematic distribution (#1) playing out on a smaller 45-minute fractal. Volume metrics support the impending markdown with increased selling power (supply) throughout the general duration of the range. This makes sense. On higher time-frames -- daily and above -- we are clearly topping off within an ascending wedge. BTC however is notorious for bucking the trend and faking everyone out at the last minute. Hence, the preface of a "potential" outcome with any crypto chart, especially the ones pertaining to Bitcoin.
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**Not a financial advisor. DYOR and trade at your own risk.
*Attention Traders & Investors: Stop getting smashed and start winning in crypto --- my charts will teach you how. If you like big wins and big money, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades. All my charts are clean and easy-to-follow with exceptional win rates ranging consistently between 80-85%. Check out my chart history and see for yourself.
My TA is based off a combination of Wyckoff, VSA, EWT & Fibonacci ratios. Also, I never shill and only put out charts in assets I invest my own money in. Let's make money together!
**Not a financial advisor. DYOR and trade at your own risk.
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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.