Wyckoff Schematic #1: Distribution for #BTC USD
BlackRock is making a big move into Bitcoin with an ETF aimed at wealthy baby boomers. They are a huge financial company with $9 trillion in assets under management. BlackRock bought 11,500 Bitcoins, diving into the market, expecting a big comeback.
Despite the leviathan's moves, market's reaction to ETF approvals is erratic. The market is reacting to rumors with schizophrenia. Bitcoin's price drops below $43,000, and traders don't seem to be reacting much to the ETF rumors. This "sell-the-news" effect is not a sign of a positive This isn't a sign of a strong trend. It's the sound of uncertainty. It's like the crowd leaving the theater before the play is over.
And there's more. The delay in the Ethereum ETF by American bank TD Cowen disrupts market optimism. It shows that not everything is good in the rules, and not every opportunity in crypto will be accepted. This news alone could start a bearish turn. It may lead to $40K support being seen as a trapdoor to lower lows.
The market sentiment has become neutral after ETF, and it's like the calm before a storm. The dip under $42,000 is not a discount—it's a warning shot. Traders eyeing support at $40K might find themselves not at the bottom. It's a precipice with a market ready to capitulate.
Now, let's turn our gaze to the two scenarios laid out before us in the tale of two charts.
If we keep going down, the Wyckoff Method shows that we're in for a big surprise. This isn't a methodical distribution. It's a tactical retreat by smart money. Retail holders are left to play a game of musical chairs. The music has stopped and there are no chairs left.
If we surge up, breaking resistance, the recent top at $49,000 might be just a pitstop. It could be an 'Upthrust' (UT), followed by 'Upthrust After Distribution' (UTAD). This wouldn't show a market going back, but a market getting ready to jump past $50,000 like it's easy.
The market is at a turning point. Big forces are pulling in different directions. BlackRock getting into Bitcoin could have a big impact, either positive or negative. It's like a potential leader who might guide people in the wrong direction. The charts show caution. The news indicates change. The best strategy prepares for volatility with strong logic and risk control.
Prepare for the worst, hope .
To make the most out of it, just remember that the world of cryptocurrency is always changing. So, stay grounded and embrace the fact that change is the only constant. In the world of cryptocurrency, things always change. There's a chance of a big crash or a huge rally, and the risks are very high.
The aggressive play here involves more than just looking at charts and news. It's also about understanding the situation. The smart money, the institutions—they're making their moves in broad daylight. If the market goes up again, BlackRock's buying of a lot of Bitcoin when the price was low could be a great move. It shows that the current prices might just be a phase before a big increase. This isn't just how the market works. It's like a very risky game of chess, but with digital money.
If the market turns bearish, the Wyckoff structure may lead to a landslide. This would serve as a stark reminder of the law of action and reaction. The crash, if it comes, will not be gentle. When the market turns and support levels weaken, it will show how harsh markets can be.
In this volatile mix, the news of ETF approvals and delays is like throwing gasoline on the fire. It's the kind of fuel that could either ignite the market to new heights or burn the hopes of many to ashes. After ETF approvals and delays, market sentiment is uncertain. It can either lead to a big change or signal a surprising move.
This is not a market for the indecisive. This market is for people who are brave enough to handle a big drop or are sure enough to go along with a big increase. As news comes out, the story changes, and this makes the future of Bitcoin more mysterious.
In such times, be aggressive. Don't just watch, be actively prepared for contingencies. Keep your eyes wide open, your decisions data-driven, and your investments diversified. The big crash, if it's on the horizon, will be ruthless. The big rally, if it's in the cards, will be exuberant. The winner pivots with precision. They are backed by insight and unshaken by crypto currents. Proceed with caution, but proceed nonetheless. This is the world of crypto. Here, the courageous succeed and the cautious endure. Choose your path wisely.
https://school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffdistribution1.png
Despite the leviathan's moves, market's reaction to ETF approvals is erratic. The market is reacting to rumors with schizophrenia. Bitcoin's price drops below $43,000, and traders don't seem to be reacting much to the ETF rumors. This "sell-the-news" effect is not a sign of a positive This isn't a sign of a strong trend. It's the sound of uncertainty. It's like the crowd leaving the theater before the play is over.
And there's more. The delay in the Ethereum ETF by American bank TD Cowen disrupts market optimism. It shows that not everything is good in the rules, and not every opportunity in crypto will be accepted. This news alone could start a bearish turn. It may lead to $40K support being seen as a trapdoor to lower lows.
The market sentiment has become neutral after ETF, and it's like the calm before a storm. The dip under $42,000 is not a discount—it's a warning shot. Traders eyeing support at $40K might find themselves not at the bottom. It's a precipice with a market ready to capitulate.
Now, let's turn our gaze to the two scenarios laid out before us in the tale of two charts.
If we keep going down, the Wyckoff Method shows that we're in for a big surprise. This isn't a methodical distribution. It's a tactical retreat by smart money. Retail holders are left to play a game of musical chairs. The music has stopped and there are no chairs left.
If we surge up, breaking resistance, the recent top at $49,000 might be just a pitstop. It could be an 'Upthrust' (UT), followed by 'Upthrust After Distribution' (UTAD). This wouldn't show a market going back, but a market getting ready to jump past $50,000 like it's easy.
The market is at a turning point. Big forces are pulling in different directions. BlackRock getting into Bitcoin could have a big impact, either positive or negative. It's like a potential leader who might guide people in the wrong direction. The charts show caution. The news indicates change. The best strategy prepares for volatility with strong logic and risk control.
Prepare for the worst, hope .
To make the most out of it, just remember that the world of cryptocurrency is always changing. So, stay grounded and embrace the fact that change is the only constant. In the world of cryptocurrency, things always change. There's a chance of a big crash or a huge rally, and the risks are very high.
The aggressive play here involves more than just looking at charts and news. It's also about understanding the situation. The smart money, the institutions—they're making their moves in broad daylight. If the market goes up again, BlackRock's buying of a lot of Bitcoin when the price was low could be a great move. It shows that the current prices might just be a phase before a big increase. This isn't just how the market works. It's like a very risky game of chess, but with digital money.
If the market turns bearish, the Wyckoff structure may lead to a landslide. This would serve as a stark reminder of the law of action and reaction. The crash, if it comes, will not be gentle. When the market turns and support levels weaken, it will show how harsh markets can be.
In this volatile mix, the news of ETF approvals and delays is like throwing gasoline on the fire. It's the kind of fuel that could either ignite the market to new heights or burn the hopes of many to ashes. After ETF approvals and delays, market sentiment is uncertain. It can either lead to a big change or signal a surprising move.
This is not a market for the indecisive. This market is for people who are brave enough to handle a big drop or are sure enough to go along with a big increase. As news comes out, the story changes, and this makes the future of Bitcoin more mysterious.
In such times, be aggressive. Don't just watch, be actively prepared for contingencies. Keep your eyes wide open, your decisions data-driven, and your investments diversified. The big crash, if it's on the horizon, will be ruthless. The big rally, if it's in the cards, will be exuberant. The winner pivots with precision. They are backed by insight and unshaken by crypto currents. Proceed with caution, but proceed nonetheless. This is the world of crypto. Here, the courageous succeed and the cautious endure. Choose your path wisely.
https://school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffdistribution1.png
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