Hello traders, We will see more fall in bitcoin after it tests the level of upthrust. We can recognize sir Wyckoff's Distribution theory pattern above the yearly pivot point and redistribution phase below the yearly pivot point. Before that at the end of the year 2019 it crossed yearly pivot point of 2019 to the downside and formed Accumulation pattern and crossed upside. In bitcoin, we can see that the pivots are the precious levels. Thanks to Sir WYCKOFF's work and research, he made it easy to predict and count accumulation and distribution phases. Hit like for support and follow for many more upcoming accurate pips. PREVIOUS ANALYSIS
@gigabyte3d, it is testing resistance line if it break I above, more buy is possible. It Will make a channel above R1 and will break it to the downside to make new lows.