Bitcoin - A Wyckoff Cycle Study (Another update)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I promised an update to my Wyckoff study of Bitcoin , and with the recent Alert from Glassnode that the balance of BTC on Exchanges is at a 3 year low, I feel we can plot another waypoint on the course towards Wyckoff Distribution. That is, we haven't reached the point of Preliminary Supply (PSY) yet, but this correction is likely the predictive marker that it is next.

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