Etherium - Wyckoff Disitrubtion Schematic #2
Shortterm buying power is diminishing on etherium as well as volume. I'm looking at a short term reversal with a first stop at $4.5k.
This correlates with a wyckoff distribution i noticed on the 10 or 15min timeframe.
Confirmation can be found in a bearish divergence on the RSI aswel as volume decreasing while volatility increases in later parts of the schematic (phase B and C).
This correlates with a wyckoff distribution i noticed on the 10 or 15min timeframe.
Confirmation can be found in a bearish divergence on the RSI aswel as volume decreasing while volatility increases in later parts of the schematic (phase B and C).