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FXwabz
Jun 8, 2021 2:22 AM

Bitcoin Redistribution Phase? Short

Bitcoin / TetherUSBinance

Description

• Market Phases :
1) Accumulation
2) Mark Up
3) Distribution
4) Mark Down
5) Repeat

• Bitcoin already entered its markdown phase. What’s been happening lately in my opinion is not an accumulation phase, but a redistribution phase which is usually followed by another markdown.
Comments
cryptochatter
I agree, the weak hands are being shaken out for institutional buyers
FXwabz
@acthorne00 100% it’s all about the institutional money
FXwabz
Feel free to like my idea if you agree, and let’s have more discussions in the comments section.
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