Most recently we saw the cause of a distribution schematic, effect a significant drop in the price of Bitcoin. To determine the least path of resistance, I use the basic volume indicator and the volume for the visible range to look for inefficiency in price.
We see in the example a wyckoff distribution schematic on the Daily Bitcoin Chart.
Distribution Wyckoff Schematic combined with institutional trading concepts
-Turtle Soup runs out the buyside liquidty above the equal highs -Based on Session Analysis this is a standard new york killzone reversal template -Could hold for the friday close, but we want to be conservative and realistic ~ICT Mentorship Student David Corell
There was clear imbalance in price for EURUSD today. London Open Killzone Orderblock + OTE. Time of Day Concept. R:R 1:5 ~ICT Mentorship Student David Corell