BTC weekly chart analysis by wyckoff distribution pattern
Updated
If we look the weekly BTC chart, we can discover an other Wyckoff pattern. This is the distribution pattern.
I feel this pattern perfect continuation of the previous analysis :
And I think if we look the montlhy chart....:
So I think we go to ~54k, and then down to ~20-25k.
I feel this pattern perfect continuation of the previous analysis :
And I think if we look the montlhy chart....:
So I think we go to ~54k, and then down to ~20-25k.
Note
So... that's nice, almost made it :)..the continue is may be an accumulation pattern, but it will take a long time.
Note
Just for myself.. on halfwayNote
Resistance: PSY leg & AR peakSupport: spring leg & SC leg
Next step: go testing support again ~19,5-20,5k, if we lucky, the test success at 21,5k, but I don't think so.
And spring confirmed by volume, I think the bottom is in (if the next test is success!)
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