SPYvsGME

WYCKOFF DISTRIBUTION PATTERN (update)

SPYvsGME Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
It seems like a good time to update this chart.

You know what they say about to many coincidences happening don't you?
Trade active:
Took short position now. stop is above the BC supply.
Order cancelled:
closed my short position up 2% because there is a slight chance the BULL push in US indexes will be short lived.

If I'm right and we drop to lower lows on US indexes I think crypto will pop just to under BC.
Trade active:
Be careful. excessive short can lead to the stock going parabolic upwards.

I'm seeing these short covering before and its usually several big moves up.

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