Volume doesn't seem to support this Wyckoff Distribution idea. Really need bigger sell volume. So, this may just be a short term pullback.
Dagangan ditutup: hentian tercapai
🚨Wyckoff Distribution looks invalidated, no follow-through with bear volume, and Bitcoin is back above $23,000! This was the end of the short-term pullback.Nota
Shout out to noble1ones for the clarification on LPSY that happened today.Here's a more detailed look at the Wyckoff Distribution + Volume.
🔴 If Bitcoin is going to pullback, I'm looking at it to do this in the next 12 hours.
🔴 In the meantime, usually the altcoins to one last face ripping move up to trap bulls.
🟡 A move above $23,500 will invalidate this idea!
Nota
🚨 I wouldn't dare short right here!An alternative scenario is that in the next 24 hours Bitcoin does an Upthrust above $24,000 to take out any short positions before supply finally dominates.
Nota
If this penultimate phase of the Wyckoff Distribution is going to happen after this Upthrust to $24,000, we'll need to pay close attention to INCREASING bear volume to confirm this idea!Nota
Wyckoff Distribution failed. Bullish volume created a change in character. High probability Bitcoin moves higher in the weeks ahead!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.