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ChartCinema
2023εΉ΄4月8ζ—₯εˆε‰1ζ™‚23εˆ†

Bitcoin in Wyckoff Distribution πŸ˜±Β γ‚·γƒ§γƒΌγƒˆ

BITSTAMP:BTCUSD60
Bitcoin / U.S. dollarBitstamp

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Bitcoin in a Wyckoff Distribution for the last 16 days

Supply may begin to dominate

πŸ”΄ Short-term pullback coming into the weekend.
πŸ”΄ On Balance Volume confirms weakness
⭐ Macro bull market, I would buy the dip!

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🚨 Trade is invalidated.
⭐ Price moved above previous Last Point of Supply.
⭐ On Balance Volume seeks to regain uptrend!

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🚨 In case anyone missed it, trade was closed yesterday.
Wyckoff Distribution was invalidated by price and bullish volume!

Support and ResistanceSupply and DemandVolumebitcoinshortwyckoffwyckoffdistribution
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TradingShot
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We have similar bias, let's see how it plays out.
ChartCinema
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@TradingShot, For the weekend, my bias is bearish. But if price somehow just ranges sideways and doesn't drop all weekend, I may have to re-evaluate. πŸ€”
Darthstrukt
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@ChartCinema, Time to re-evaluate, lol
ChartCinema
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@Darthstrukt, Yup! Trade closed over the weekend. And I flipped bullish.
Darthstrukt
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@ChartCinema, Good call!
averkie_skila
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UTAD now.
SwallowPremium
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Excellent charting!
ChartCinema
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@SwallowPremium, Thank you!
nattakit-ngnarungrueang
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😲😲😲
ChartCinema
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@nattakit-ngnarungrueang, πŸ™€
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