Hello everyone,
This is not my idea but I got this from uncomplication from Youtube on how Bitcoin follows the Wyckoff Distribution Phase. It was uploaded a month ago and I tried to update it myself and see where we are now.
Wyckoff is a method that consists of 4 phases: Accumulation, Markup, Distribution, and Markdown.
Currently, Bitcoin is in the Distribution phase. I manage to plot the price actions based on Wyckoff Distribution Schematic #1. I think we are in Phase D's Last Point of Supply. Note that I am not an expert in the Wyckoff Method. There are many resources for that if you want to learn more as I am also learning myself.
Cheers,
This is not my idea but I got this from uncomplication from Youtube on how Bitcoin follows the Wyckoff Distribution Phase. It was uploaded a month ago and I tried to update it myself and see where we are now.
Wyckoff is a method that consists of 4 phases: Accumulation, Markup, Distribution, and Markdown.
Currently, Bitcoin is in the Distribution phase. I manage to plot the price actions based on Wyckoff Distribution Schematic #1. I think we are in Phase D's Last Point of Supply. Note that I am not an expert in the Wyckoff Method. There are many resources for that if you want to learn more as I am also learning myself.
Cheers,
Nota
What if what we're seeing right now is the accumulation phase? See new idea below:<deleted>
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.