A potential Wyckoff Distribution phase is under way as bitcoin continues to climb on shaky ground. Days after having a strong $1,000 climb and nearly reaching $6,000 on most exchanges, we saw a strong rejection of the upper limits of the market as it plunged $600 over the course of a few short hours. Lets take a look at the macro pattern and draw a few similarities to the Wyckoff Distribution schemesFigure 1 BTC-USD, 2-Hour Candles, Potential Wyckoff Distribution PhaseIn order for the current
Author: CryptScout.com
Leave a Reply