Wyckoff_Analytics
Short

Bitcoin: Downtrend in play

CME:BTC1!   Bitcoin CME Futures
Outlook: The downtrend is still in play.
Tepee formation: Urgent Distribution in Phase A, Inactivity, Excitement but poor result to the upside (Upthrust of the downsloping resistance)
Bearish confirmation: FAILURE OF THE TEST
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Alessio Rutigliano
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thank sir, is this test failure by now?
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@changchicheng, Yes. We expect short term downside. We will judge the levels of supply and demand in the area of the previous low. Thank you for following us, Alessio.
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Well done. Thank you.
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