BTC Bearish scenario. Pretty similar w/ wyckoff Distribution Schematic.
Forming rising wedge n breakdown + confirmation rejection on it.
BTC fails to break the resistance at 58k at last point of supply , according to Wyckoff distribution and falls to zone around 42k. BTCUSD
Forming rising wedge n breakdown + confirmation rejection on it.
BTC fails to break the resistance at 58k at last point of supply , according to Wyckoff distribution and falls to zone around 42k. BTCUSD
Note
35% correction since ATH 64.8k Took a long posistion at 42K.
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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.