school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
Please do yourself a favor and google Wyckoff Distribution or simply click the link above. BTC right now caught EVERYONE off guard. Everyone including your neighbor, your co workers, Twitter, and your dog was saying the markets are about to PUMP;
However, this is the beginning of a larger distribution towards the downside.
Wanted to keep this short and sweet. I can reply to people in the comment section if need be, but no point in me writing a Disney story for you here. BTC back down to 57K. Maybe the sell off stops at 60K. Who knows.
Happy Thursday.
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.