BTC Distribution Scenario
تم تحديثه
I'm considering a new scenario following the breakdown of price below supportive structure. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend.
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be
59K range mid-April) before a move to the Upthrust (UT).
Best, Hard Forky
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be
59K range mid-April) before a move to the Upthrust (UT).Best, Hard Forky
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Monthly - just a point of interest ملاحظة
bearflag forming ملاحظة
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re-entry into the flag channel ملاحظة
expecting move down ملاحظة
the channel held, likely pivot from distribution structure ملاحظة
support touch ملاحظة
SOW hit ملاحظة
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pullback ملاحظة
stage target hit ملاحظة
1st target SWB:69K ملاحظة
Updated Timelines : ملاحظة
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Final leg up in Phase B - ملاحظة
Upward Thrust - 
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