BTC Distribution Scenario
Aktualisiert
I'm considering a new scenario following the breakdown of price below supportive structure. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend.
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be
59K range mid-April) before a move to the Upthrust (UT).
Best, Hard Forky
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be
59K range mid-April) before a move to the Upthrust (UT).Best, Hard Forky
Anmerkung
Monthly - just a point of interest Anmerkung
bearflag forming Anmerkung
Anmerkung
re-entry into the flag channel Anmerkung
expecting move down Anmerkung
the channel held, likely pivot from distribution structure Anmerkung
support touch Anmerkung
SOW hit Anmerkung
Anmerkung
pullback Anmerkung
stage target hit Anmerkung
1st target SWB:69K Anmerkung
Updated Timelines : Anmerkung
Anmerkung
Final leg up in Phase B - Anmerkung
Upward Thrust - 
Haftungsausschluss
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