Short

Wyckoff distribution happening right now for BTC

Updated

We might have just one more opportunity to dispose of longs in the next few days before BTC takes the downward direction.

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Comment: The Idea will be invalidated if BTC drops directly below AR line ~44k without retesting 50k or if the next peak up doesn't break through the new support at ~50K

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We're still good on the pattern since we just had a bounce off and didn't fall through the BC line. We might be onto the climb to the UTAD Test

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Forgot to mention that in Wyckoff Distribution Schematic #2 UTAD Test is not a required step and instead we can hover for a while in between the AR and BC lines until eventually the support is broken.

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So far the pattern repeats perfectly. Looking for one last pump to $50 before we move to Phase D

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We're entering Phase C. UTAD Test, the highest point for this distribution. Dispose of assets appropriately

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Phace C is ending today. The Wyckoff distribution pattern suggests that there's gonna be some more chopping in the range between BC and AR before a drop to the low 40Ks

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The Idea still stands. I believe the UTAD Test was a bit later than expected, but we have now peaked the highs of the structure.

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With the massive drop, increase in volatility & volume, the peak confirmation is almost complete. If we have a second failed thrust to the peak will be confirmed.

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Wyckoff distribution confirmed... Selling climax and capitulation are in sight.

Rezakov

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