BitcoinShort
BITCOIN 😷 Wyckoff Distribution 👇👇👇
🤷 Volume was increasing, while Price was decreasing. This shows that Effort was greater than the Result. In other words, increasing Demand did not increase Price, therefore a further drop may follow as Supply is still overwhelming buyers.
💔 Sign of Weakness "in progress" with price trying to regain $8,600-ish (Bottom of Trading Range).
⚠️ This is not confirmed yet! Needs strong Bear Volume spike and price to drop below $8,500.
🚨 I am NOT shorting this, for information purposes only. I'm looking to accumulate Bitcoin when it finds a bottom. (Stop Loss would be above Last Point of Supply... $9,000-ish)
💔 Sign of Weakness "in progress" with price trying to regain $8,600-ish (Bottom of Trading Range).
⚠️ This is not confirmed yet! Needs strong Bear Volume spike and price to drop below $8,500.
🚨 I am NOT shorting this, for information purposes only. I'm looking to accumulate Bitcoin when it finds a bottom. (Stop Loss would be above Last Point of Supply... $9,000-ish)
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