Wyckoff distribution happening right now for BTC
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We might have just one more opportunity to dispose of longs in the next few days before BTC takes the downward direction.
Nota
Comment: The Idea will be invalidated if BTC drops directly below AR line ~44k without retesting 50k or if the next peak up doesn't break through the new support at ~50KNota
We're still good on the pattern since we just had a bounce off and didn't fall through the BC line. We might be onto the climb to the UTAD TestNota
Forgot to mention that in Wyckoff Distribution Schematic #2 UTAD Test is not a required step and instead we can hover for a while in between the AR and BC lines until eventually the support is broken.Nota
So far the pattern repeats perfectly. Looking for one last pump to $50 
52K before we move to Phase DNota
We're entering Phase C. UTAD Test, the highest point for this distribution. Dispose of assets appropriatelyNota
Phace C is ending today. The Wyckoff distribution pattern suggests that there's gonna be some more chopping in the range between BC and AR before a drop to the low 40KsNota
The Idea still stands. I believe the UTAD Test was a bit later than expected, but we have now peaked the highs of the structure.Nota
With the massive drop, increase in volatility & volume, the peak confirmation is almost complete. If we have a second failed thrust to 52K the peak will be confirmed.Nota
Wyckoff distribution confirmed... Selling climax and capitulation are in sight.
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