$BTC Update | Wyckoff Distribution Schematic #1 UTAD Entry
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$BYBIT:BTCUSD
Giving an update to my previous charts (which can be found here) where we were looking for a lower high after the initial spike of the UTAD. With the lower high confirmed it was followed by a 2nd lower high which would've been ideal of an entry however the next best place is a bounce from support which is $6710.
The chart here gives an example entry and target level. However of course this can be negated. We're only trading whats most probably not what is guaranteed. I shall be posting an alternative scenario too.
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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.