Wyckoff distribution happening right now for BTC

24. Aug. 2021

We might have just one more opportunity to dispose of longs in the next few days before BTC takes the downward direction.

24. Aug. 2021

Anmerkung

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 ~50K

25. Aug. 2021

Anmerkung

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 Test

26. Aug. 2021

Anmerkung

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.

27. Aug. 2021

Anmerkung

So far the pattern repeats perfectly. Looking for one last pump to $50 52K before we move to Phase D

29. Aug. 2021

Anmerkung

We're entering Phase C. UTAD Test, the highest point for this distribution. Dispose of assets appropriately

31. Aug. 2021

Anmerkung

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 40Ks

6. Sept. 2021

Anmerkung

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.

7. Sept. 2021

Anmerkung

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.

7. Sept. 2021

Anmerkung

Wyckoff distribution confirmed... Selling climax and capitulation are in sight.