100k BTC appears to be in the LPSY stage of Wyckoff Distribution
Compare the chart with the final stages of a Wyckoff distribution cycle chart and you can easily see with are in the final stages of the LPSY phase. I expect BTC to open to the upside during London open or NYSE open then crash quickly.
Trade carefully.
Trade carefully.
Trade closed: target reached
Closed out my long term BTC position and took profit, but the market makers ended up taking BTC higher to $108,000. BTC is now forming a head and shoulders pattern and the support line at $104,000 seems like its not holding. Prices may go lower. Waiting on a daily close below $104,000 support. 
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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.