Bitcoin / TetherUSShort
BTC in Distribution Phase - 87k incoming then ATH for UTAD Test
I am seeing a wyckoff distribution pattern playing out on btc. This pattern also can be seen DXY Nov 2015.
Go and compare DXY pattern in Nov 2015 2D tf with current BTC 2D tf where are forming a double top. You will also notice macd indicators etc are the similiar.
We are are half way into the distribution phase, we will be testing 87k to liq the longs then pump to new ATH around 120k to form UTAD test before a bear market begins.
Go and compare DXY pattern in Nov 2015 2D tf with current BTC 2D tf where are forming a double top. You will also notice macd indicators etc are the similiar.
We are are half way into the distribution phase, we will be testing 87k to liq the longs then pump to new ATH around 120k to form UTAD test before a bear market begins.
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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.