Final Phases of Wyckoff Appear to be Underway on Bitcoin
I originally posted this concept up in late 2021 across various social media networks but decided to get back to publishing ideas on TradingView.
Essentially I believe Bitcoin is undergoing true distribution after its most recent bull market.
I believe we will see one last pump to retest the previous areas of supply at 36-40k (The 19 week MA is a line in the sand I'll be watching with interest) before we ultimately enter the final mark down stage of the market cycle.
I believe this mark down phase will take Bitcoin back to <12k.
Essentially I believe Bitcoin is undergoing true distribution after its most recent bull market.
I believe we will see one last pump to retest the previous areas of supply at 36-40k (The 19 week MA is a line in the sand I'll be watching with interest) before we ultimately enter the final mark down stage of the market cycle.
I believe this mark down phase will take Bitcoin back to <12k.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.