the_derwish

BTCUSDT is about to complete Wyckoff Distribution Pattern

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
The market seems to be obeying the rules of Wyckoff Distribution Pattern.
I believe the retracement of 64K ATH is not completed and the market maker played another game this time. 0,786 fib level of 64K may be the end of recent bull market.
Thinking and talking about long term, I'm very bullish and believe in Bitcoin and some retracements makes the trend stronger.
Please feel free to share you comments,
I'm sharing a link of Wyckoff formations if you want to reed more...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.