BTCUSDT Distribution 1hr Chart
These are more for my own personal use and practice, but feel free to comment or let me know your ideas. I am still a fairly new trader, but have been having good success the past month using the Wyckoff method on different timeframes.
If I'm following the schematic properly, we should be dumping soon to retest the SOW and will have a small or big pump over the weekend for the LPSY. Volume is gradually going down, plus lot's of divergences. The indicator on the chart show divergences on many other indicators, as you can see we are at 9 different divergences on the 1 hour chart.
If I'm following the schematic properly, we should be dumping soon to retest the SOW and will have a small or big pump over the weekend for the LPSY. Volume is gradually going down, plus lot's of divergences. The indicator on the chart show divergences on many other indicators, as you can see we are at 9 different divergences on the 1 hour chart.
Penafian
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