This chart presents a Wyckoff Distribution pattern on Bitcoin (BTC/USDT), outlining the different phases of market manipulation before a potential markdown.
🔍 Key Elements:
PSY (Preliminary Supply), BC (Buying Climax), AR (Automatic Reaction) – Early signs of distribution.
UT & UTAD (Upthrust & Upthrust After Distribution) – False breakouts trapping late buyers.
LPSY (Last Point of Supply) – Lower highs confirming weakness.
SOW (Sign of Weakness) & Phase D Breakdown – Clear rejection of resistance and price decline.
Support & Resistance Lines – Key levels traders are watching now.
📉 What's Next?
After completing Phase D, BTC is attempting to reclaim lost ground. Will it fail at resistance and continue the markdown, or are we seeing a spring before a major rally?
🔥 Like & comment your thoughts! Are we going lower, or is this a bear trap?
🔍 Key Elements:
PSY (Preliminary Supply), BC (Buying Climax), AR (Automatic Reaction) – Early signs of distribution.
UT & UTAD (Upthrust & Upthrust After Distribution) – False breakouts trapping late buyers.
LPSY (Last Point of Supply) – Lower highs confirming weakness.
SOW (Sign of Weakness) & Phase D Breakdown – Clear rejection of resistance and price decline.
Support & Resistance Lines – Key levels traders are watching now.
📉 What's Next?
After completing Phase D, BTC is attempting to reclaim lost ground. Will it fail at resistance and continue the markdown, or are we seeing a spring before a major rally?
🔥 Like & comment your thoughts! Are we going lower, or is this a bear trap?
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。