Not the scenario I want but unfortunately, it really looks like BTC has entered Phase D of a Wyckoff Distribution.
If so, sadly, we are going to retest the $20,000...
Caption:
PSY: preliminary supply
BC: buying climax
AR: auto reaction
ST: secondary test
SOW: sign of weakness
UT: upthrust
UTAD: upthrust after distribution
LPSY: last point of supply
If so, sadly, we are going to retest the $20,000...
Caption:
PSY: preliminary supply
BC: buying climax
AR: auto reaction
ST: secondary test
SOW: sign of weakness
UT: upthrust
UTAD: upthrust after distribution
LPSY: last point of supply
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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.
📖 Read the book: "Day Trading That Works. For novices & advanced beginners. From $0 to $1,000,000 in 3 years."
💻 Read the blog: day-trading-that-works.com
💻 Read the blog: day-trading-that-works.com
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.