TradingView
NicoDCrypto
Sep 3, 2020 4:32 PM

[$ETH] Wyckoff Distribution hypothesis #1 Short

Ether / United States DollarCoinbase

Description

Hello everyone,
Hope you had marvellous vacations and you took times for yourself!
It's almost times to get back to school or work , and during this period, institutions are back as well.
Today, i would like to share my view on ETH price actions relative to Wyckoff Distribution Schematic #1

https://school.stockcharts.com/lib/exe/fetch.php?media=market_analysis%3Athe_wyckoff_method%3Awyckoffdistribution1.png

As you can in the previous image, we may get into the Phase D which can lead to the ultimate phase and kick off the mark down.
Be prepared.

Trade safe, Trade Safe
PEACE!

Comment

Seems to follow step by step Wyckoff Distribution model ...

Comment

Seems that we did the mark down for now !
What a strong move ! a lot of liquidations and fear from the market!
More