Wyckoff Model predicts Bitcoin Top.*1

in #bitcoin • 5 years ago

The recent price action in Bitcoin has painted a (nearly) picture perfect example of the Wyckoff Distribution event. Without getting into things too deeply, the Wyckoff distribution chart as pictured, depicts the last series of price action which marks the top before a significant pull back or even trend reversal begins.

Note, that despite the imminent markdown in Bitcoin prices, the Wyckoff distribution does not imply a full reverse in trend.

5 years ago in #bitcoin by
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