Hello everyone,
This is not my idea but I got this from uncomplication from Youtube on how Bitcoin follows the Wyckoff Distribution Phase. It was uploaded a month ago and I tried to update it myself and see where we are now.
Wyckoff is a method that consists of 4 phases: Accumulation, Markup, Distribution, and Markdown.
Currently, Bitcoin is in the Distribution phase. I manage to plot the price actions based on Wyckoff Distribution Schematic #1. I think we are in Phase D's Last Point of Supply. Note that I am not an expert in the Wyckoff Method. There are many resources for that if you want to learn more as I am also learning myself.
Cheers,
This is not my idea but I got this from uncomplication from Youtube on how Bitcoin follows the Wyckoff Distribution Phase. It was uploaded a month ago and I tried to update it myself and see where we are now.
Wyckoff is a method that consists of 4 phases: Accumulation, Markup, Distribution, and Markdown.
Currently, Bitcoin is in the Distribution phase. I manage to plot the price actions based on Wyckoff Distribution Schematic #1. I think we are in Phase D's Last Point of Supply. Note that I am not an expert in the Wyckoff Method. There are many resources for that if you want to learn more as I am also learning myself.
Cheers,
Ghi chú
What if what we're seeing right now is the accumulation phase? See new idea below:<deleted>
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.