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jalapablo

Potential BTC Wyckoff Distribution (Schematic #1)

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Bitcoin (COINBASE:BTCUSD)  
jalapablo Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis BTCUSD wyckoff wyckoffdistribution Contains image
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trendanalysis chartpattern waveanalysis btcusd wyckoff wyckoffdistribution containsimage
A potential BTC distribution is playing out, according to Wyckoff Schematic #1. Nothing obviously is 100% in (especially in crypto), but the resemblance is uncanny. This relief rally IMO has been unsustainable, so such an outcome shouldn't come as that big of a surprise. I realize this is a 2-hour chart but let's see how it plays out!
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