TradingView
marketmusician
Jan 9, 2021 6:12 PM

Wyckoff Distribution Schematic for BTC (High Probability Setup) Short

Bitcoin / United States DollarCoinbase

Description

Based on PA only,

The BTC/USD pair is currently forming a classic Wyckoff Distribution (Top Formation). This setup may indicate a short term top & trend reversal.

Furthermore, RSI hinting at bear divs on 1,2,3,4 hour timeframes.

Not financial advice ;)
Comments
TheSignalyst
only a few mention the Wyckoff phases! good job!
AlexC63
Well said
More