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Wyckoff Distribution Schematic #1

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Not the scenario I want but unfortunately, it really looks like BTC has entered Phase D of a Wyckoff Distribution.
If so, sadly, we are going to retest the $20,000...


Caption:
PSY: preliminary supply
BC: buying climax
AR: auto reaction
ST: secondary test
SOW: sign of weakness
UT: upthrust
UTAD: upthrust after distribution
LPSY: last point of supply
samhickmann
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Bitcoin (Cryptocurrency)Chart Patternswyckoff

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Bitcoin (Cryptocurrency)Chart Patternswyckoff
samhickmann
📖 Read the book: "Day Trading That Works. For novices & advanced beginners. From $0 to $1,000,000 in 3 years."
💻 Read the blog: day-trading-that-works.com
Also on:

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.