Wyckoff distribution happening right now for BTC
Updated
We might have just one more opportunity to dispose of longs in the next few days before BTC takes the downward direction.
Comment
Comment: The Idea will be invalidated if BTC drops directly below AR line ~44k without retesting 50k or if the next peak up doesn't break through the new support at ~50KComment
We're still good on the pattern since we just had a bounce off and didn't fall through the BC line. We might be onto the climb to the UTAD TestComment
Forgot to mention that in Wyckoff Distribution Schematic #2 UTAD Test is not a required step and instead we can hover for a while in between the AR and BC lines until eventually the support is broken.Comment
So far the pattern repeats perfectly. Looking for one last pump to $50 
52K before we move to Phase DComment
We're entering Phase C. UTAD Test, the highest point for this distribution. Dispose of assets appropriatelyComment
Phace C is ending today. The Wyckoff distribution pattern suggests that there's gonna be some more chopping in the range between BC and AR before a drop to the low 40KsComment
The Idea still stands. I believe the UTAD Test was a bit later than expected, but we have now peaked the highs of the structure.Comment
With the massive drop, increase in volatility & volume, the peak confirmation is almost complete. If we have a second failed thrust to 52K the peak will be confirmed.Comment
Wyckoff distribution confirmed... Selling climax and capitulation are in sight.Disclaimer
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