Wyckoff`s distribution schematic
A perfect example of Wyckoff`s distribution schematic, which indicates a potential double bottom for bitcoin .
........................................................
PSY : preliminary supply.
BC : buying climax.
ST : secondary test.
SOW : sign of weakness.
LPSY : last point of supply.
UTAD : upthrust after distribution.
.....................................................
Therefore I believe that there is no reason to be bullish about Bitcoin in the immediate short-term.
Long-term!? of course, but for now not so much.
cheers
........................................................
PSY : preliminary supply.
BC : buying climax.
ST : secondary test.
SOW : sign of weakness.
LPSY : last point of supply.
UTAD : upthrust after distribution.
.....................................................
Therefore I believe that there is no reason to be bullish about Bitcoin in the immediate short-term.
Long-term!? of course, but for now not so much.
cheers
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.