UpsetPorpoise

Wyckoff Bitcoin within redistribution?

Kort
BITMEX:XBTUSD.P   Bitcoin
I have been marking up the Bitcoin chart as its made it way down from the April high and have noticed pretty text book distribution and redistribution phases according to Wyckoff. The same could be said about the most current set up Bitcoin is presenting. Though, there are those that will argue with accumulation, and their arguments are convincing. Here is my take on the current state of Bitcoin through a wyckoff view.

What I expect? I expect another LPSY (last point of supply) and potentially a retest of the supply trendline before the mark down commences.

Currently I am short.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.