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MatthiasVC

BTCUSD : Wyckoff Distribution

Bitcoin (BITSTAMP:BTCUSD)  
MatthiasVC Updated   
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns Technical Indicators Fundamental Analysis wyckoffdistribution
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chartpattern indicator fundamental wyckoffdistribution
BTC Bearish scenario. Pretty similar w/ wyckoff Distribution Schematic.
Forming rising wedge n breakdown + confirmation rejection on it.

BTC fails to break the resistance at 58k at last point of supply , according to Wyckoff distribution and falls to zone around 42k. BTCUSD
Comment:
35% correction since ATH 64.8k

Took a long posistion at 42K.
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