Following Wyckoff Method, we now qualify for Distribution phase in Upthrust After Distribution (UTAD) Phase C. In order for "smart money" to get out of longs and accumulate shorts without depressing market too much, positive news are required.
Segwit 2x will bring turbulence and will mark the end of Wyckoff Phase D. Afterwards we are gonna need to review the analysis and see if our Phase E randez-vous awaits us.
@servercookie, It was distribution for real, but then started pump with no sellers... was a possible scenario, that's why we had the stop-loss tight. I think this will not go down soon as it's so easy to bring price up when everyone has sold. We weren't long which is a pity, but again, the signals were there for a short. Hindsight is 20/20.
mesnyankin89
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Hi, i like Wyckoff method, but you painted too much trash on the chart.
kalombo
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nice stuff. I sold BTC at 6250us. Since then im onlyholding loads of cash waiting to purchase BTC at a much better price around 5500-5700US hopefully before the fork... as i want to hold BTC before the fork... it keeps going up and up, hope it drops before the fork...
PedroLoureiro
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@kalombo, gl with that. bitcoin is only going up to the fork! everyone wants free tokens.dont belive on trading view traders. 90% of them are geting paid by bad actors
goldbug1
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LOL how did you do those icons, those are great Marcel!!!!
MarcelV
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@goldbug1, hahaha Thanks Bro! ;) I painted the wyckoff schematic manually, the rest is found in TV library