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DickieWyckoff

Is BTC in distribution?

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Bitcoin (BITFINEX:BTCUSD)  
DickieWyckoff Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD wyckoff wyckoffdistribution Bitcoin (Cryptocurrency) BTC wyckoffmethod
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trendanalysis chartpattern btcusd wyckoff wyckoffdistribution bitcoin btc wyckoffmethod
Here's an idea I've been following for a while now on twitter (twitter.com/gonebrok...s/993560984269873152). What if we're in Wykoffs distribution and markup is next?

The distribution schematic I'm working from is this - d.stockcharts.com/sc...offdistribution1.png

I'm looking forward to options and views on this.

FYI. I'm SHORT from $9860.
Comment:
I think I was a little premature with my original call for the LPSY top and think that this is more likely
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Comment:
Here's an update for you. We were not lucky enough to have another LPSY... and SOW lastest about 20mins. I think we're now witnessing the throwback to the trading range. I'm expecting re-distribution from $7-7800. Short still open.
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