Wyckoff Distribution Phase B/C?

업데이트됨

https://school.stockcharts.com/lib/exe/fetch.php?media=market_analysis%3Athe_wyckoff_method%3Awyckoffdistribution1.png

As per Wyckoff Distribution Schematic it would seem like BTC is entering Phase C which would be a retest of previous Up Thrust levels, which formed a higher high to the previous UT. Which would mean a retracement to previously supply zones before heading down further to the support area.

However it could also be seen as the current highs at ~$24250 would be the first UT in this distribution event, which would mean BTC is still in the Phase B of the Wyckoff Distribution events.

Either we are in phase B or C, this distribution will only be valid if BTC retraces further to the previous resistance at around ~$21600 to $21800 and further down to break the distribution support.

If BTC manages to turn previous resistance to support with an impulsive move the upside (with volume), then it would probably be a bad idea to play out this distribution event.

This is just an idea which probably has little to no significance to the current event of the btc market. Take it with a pinch of salt and do comment if I missed out any important points with regards to the Wyckoff Distribution events.

노트

Daily close below previous resistance level of ~$21600 to $21800 would mean further retracement of price to support level on chart of around ~18500 to ~19000 levels.

주문취소됨

Pattern invalidated as price form higher highs and higher lows