Taking example from a 30m timeframe BTC Wyckoff distribution phase pattern, I think the fractal pattern tracks well to match what we are seeing on the 1 day chart.

I've colour coded each section in this above image for clarity on where I think we are.
I could be wrong as we do have secondary tests to contend with which could see a break to the upside and this is merely a reaccumulation, but for now this is where my head is at.
You can see from my other ideas this pattern idea usually plays out, but we shall see.
Thoughts?
I've colour coded each section in this above image for clarity on where I think we are.
I could be wrong as we do have secondary tests to contend with which could see a break to the upside and this is merely a reaccumulation, but for now this is where my head is at.
You can see from my other ideas this pattern idea usually plays out, but we shall see.
Thoughts?
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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.
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.