Tez8

Update: BTC Possible mini Wyckoff Distribution in play?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
SUMMARY: Long, retracement almost complete

-- Technical --
A mini Wyckoff distribution has played out and traders have been TP.

RSI and Soch RSI are showing oversold on the 1& 4H and he daily is approaching neutral.

Could be a little more pullback but 0.5 will probably be the bottom, if it is not already in on the 0.382.

-- Fundamentals --
On chain analytics show BTC continues to be taken off exchanges and whales continue to accumulate.


Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----

*Not financial advice and is for educational purposes only. Always DYOR.

SO: What do you think? Let me know below.


Comments