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Bitcoin / TetherUS

WYCKOFF DISTRIBUTION PATTERN (update)

Oleh SPYvsGME
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It seems like a good time to update this chart.
A Crypto Wyckoff Distribution Pattern


You know what they say about to many coincidences happening don't you?
Dagangan aktif
Took short position now. stop is above the BC supply.
Pesanan dibatalkan
closed my short position up 2% because there is a slight chance the BULL push in US indexes will be short lived.

If I'm right and we drop to lower lows on US indexes I think crypto will pop just to under BC.
Dagangan aktif
Be careful. excessive short can lead to the stock going parabolic upwards.

I'm seeing these short covering before and its usually several big moves up.
Beyond Technical AnalysisspyvsgmeTrend Analysiswyckoff
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