BTCeer

*BEWARE* WYCKOFF DISTRIBUTION IN FULL EFFECT

Short
BTCeer Updated   
BITMEX:XBT   Bitcoin
This looks like a classic short based on Richard Wyckoff Distribution Schematic. Twitter and everyone is so bullish and Fomo'ing. Funding pays shorts. Long to Short Ratio favors Shorts. Maybe some more up but looks like the big picture shows a massive dump coming in the near future... Beware and trade smart!
Comment:
BTC went up as I thought possible, but now the dump may be happening soon. Doji candle was printed on yesterday's daily close and looks like a double top pattern may be in the process. Maybe some more consolidation but I still stick to my original idea and think a big dump will happen in the near future.
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