Wyckoff Distribution Schematic #1
Not the scenario I want but unfortunately, it really looks like BTC has entered Phase D of a Wyckoff Distribution.
If so, sadly, we are going to retest the $20,000...
Caption:
PSY: preliminary supply
BC: buying climax
AR: auto reaction
ST: secondary test
SOW: sign of weakness
UT: upthrust
UTAD: upthrust after distribution
LPSY: last point of supply
If so, sadly, we are going to retest the $20,000...
Caption:
PSY: preliminary supply
BC: buying climax
AR: auto reaction
ST: secondary test
SOW: sign of weakness
UT: upthrust
UTAD: upthrust after distribution
LPSY: last point of supply
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