BTC Wyckoff Analysis
I know a lot of people have already tried and set their charts to Wyckoff Distribution Schematic, but I am Going to post my post after careful observation of the market, and learning from several technicians on Twitter.
With a few minor changes to original schematic, In which ST (Secondary Test) has goes a bit higher, in BTC's case it doesn't, so i choose to Eliminate it, although it goes against the theory.
The rest of the chart remains similar to the theory, with tiny bit Adjustments. Hope you guys like it, any feedback is welcome.
With a few minor changes to original schematic, In which ST (Secondary Test) has goes a bit higher, in BTC's case it doesn't, so i choose to Eliminate it, although it goes against the theory.
The rest of the chart remains similar to the theory, with tiny bit Adjustments. Hope you guys like it, any feedback is welcome.
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.
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.