Short

Is BTC in distribution?

By DickieWyckoff

Updated

Here's an idea I've been following for a while now on twitter (twitter.com/gonebroke_/status/993560984269873152). What if we're in Wykoffs distribution and markup is next?

The distribution schematic I'm working from is this - d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffdistribution1.png

I'm looking forward to options and views on this.

FYI. I'm SHORT from $9860.

Note

I think I was a little premature with my original call for the LPSY top and think that this is more likely

snapshot

Note

Here's an update for you. We were not lucky enough to have another LPSY... and SOW lastest about 20mins. I think we're now witnessing the throwback to the trading range. I'm expecting re-distribution from $7-7800. Short still open.

snapshot

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