MatthiasVC
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since Jun 20, 2019
chartpattern
fundamental
indicator
trendanalysis
wyckoffdistribution
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Accumulation is a sideways range and bound period that occurs after a prolonged downtrend. This is the area where larger players try to build positions and shake out smaller fish without causing much of a further drop in price,or the begin of the new trend.
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BTC Bearish scenario. Pretty similar w/ wyckoff Distribution Schematic. Forming rising wedge n breakdown + confirmation rejection on it. BTC fails to break the resistance at 58k at last point of supply , according to Wyckoff distribution and falls to zone around 42k. BTCUSD
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