Bitcoin Wyckoff Distribution Pattern
Updated
I did this first chart for fun after studying wyckoff
I thought it was disproven around the end of sept, but the US indexes started falling and bitcoin reverted back.
Think, what would make Bitcoin drop in the next 3 months?
Conflict Between China / Taiwan.
Uncontrollable Rise of Energy Costs / Energy Crisis.
Gov. Regulations on Crypto / Crackdown.
Mass Disruptions in Hash Rates, i.e. wide spread blackouts @ mining hubs.
Liquidity Problems (*cough* tether *cough*)
Large Scale Hack \ Crypto Ransom
Latency Arbitrage
Probably a few others I'm missing, but the point is there are plenty of vulnerabilities in crypto still.
I think there will be a final pop in crypto this coming week before it drops.
I thought it was disproven around the end of sept, but the US indexes started falling and bitcoin reverted back.
Think, what would make Bitcoin drop in the next 3 months?
Conflict Between China / Taiwan.
Uncontrollable Rise of Energy Costs / Energy Crisis.
Gov. Regulations on Crypto / Crackdown.
Mass Disruptions in Hash Rates, i.e. wide spread blackouts @ mining hubs.
Liquidity Problems (*cough* tether *cough*)
Large Scale Hack \ Crypto Ransom
Latency Arbitrage
Probably a few others I'm missing, but the point is there are plenty of vulnerabilities in crypto still.
I think there will be a final pop in crypto this coming week before it drops.
Note
the final pop before the drop? what if crypto, bonds, equities, commodities, real estate, US$ are all to expensive. what to buy next?
long vol?
Related publications
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.