Wyckoff Distribution, after Accumulation???
It looks like Bitcoin is forming a Wyckoff distribution formation, immediately after an accumulation formation, and located just around the bearish trend line.
Does that mean we are going to retest the lower levels before breaking out of the falling wedge on the daily?
Potential short-term Short opportunity, to the support Zone with 1:4 Risk to Reward?
Please let me know what you think.
Does that mean we are going to retest the lower levels before breaking out of the falling wedge on the daily?
Potential short-term Short opportunity, to the support Zone with 1:4 Risk to Reward?
Please let me know what you think.
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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.