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BTC Long: Distribution appears to be mostly complete
SUMMARY: Long, BTC has gone through 2 levels of distribution as appears to have completed a Wyckoff pattern.
BTC is now in a Falling Wedge pattern and is holding the market structure (purple line)
So far, it seems there could be a wick down to the 50k support or equally bull trend continues next week.
RSI and Stoch are both oversold on the Daily.
BTC is looking strong.
BTC is now in a Falling Wedge pattern and is holding the market structure (purple line)
So far, it seems there could be a wick down to the 50k support or equally bull trend continues next week.
RSI and Stoch are both oversold on the Daily.
BTC is looking strong.
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