Wyckoff Distribution sadly showing its' face here. Amidst the overt euphoria around ETF's and big names getting into Bitcoin, a sad reality has set in - the same pattern that ended the last 2 bull runs (2017 and 2021) is also appearing now.
What's the implication here?
->That the uptrend run is completed. All the work getting us here is being undone.
Also:
-Targets: $50k to
36K
-New accumulation period required for further upside
-Rallies are for selling
-Invalidation occurs above $71k
I'll gladly take the L on this not playing out - I'd much prefer this to the alternative. PROVE ME WRONG PLEASE!
What's the implication here?
->That the uptrend run is completed. All the work getting us here is being undone.
Also:
-Targets: $50k to
-New accumulation period required for further upside
-Rallies are for selling
-Invalidation occurs above $71k
I'll gladly take the L on this not playing out - I'd much prefer this to the alternative. PROVE ME WRONG PLEASE!
Follow me on each of my platforms to keep up to date:
Twitch.tv/CryptoJack
Twitter.com/@CryptoJackLive
tradingview.com/u/Crypt0Jack/
youtube.com/@cryptojacklive
Twitch.tv/CryptoJack
Twitter.com/@CryptoJackLive
tradingview.com/u/Crypt0Jack/
youtube.com/@cryptojacklive
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.
Follow me on each of my platforms to keep up to date:
Twitch.tv/CryptoJack
Twitter.com/@CryptoJackLive
tradingview.com/u/Crypt0Jack/
youtube.com/@cryptojacklive
Twitch.tv/CryptoJack
Twitter.com/@CryptoJackLive
tradingview.com/u/Crypt0Jack/
youtube.com/@cryptojacklive
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.