Bitcoin
Short

$BTC Update | Wyckoff Distribution Schematic #1 UTAD Entry

557
$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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