Wyckoff Distribution is nothing to sneeze at. This could signify **Big Money** (known as "Composite Operators in the Wyckoff world) leaving the market. This would indicate that they are cashing out, not caring what happens to price. Here's the schematic that I've identified: miro.medium.com
Additionally, this same...
Those of you who know me know I **LOVE** finding completed Wyckoff Accumulations. Today is a good day, because we found another one.
Introducing $UUUU. This stock has recently completed ~6 years of accumulation and appears to be in the early stages of markup. If you go through my related ideas of some other assets that have had similar setups, observe how...
BTC really only has 2 ways of going about it - it breaks up or breaks down. Rounding top (a bearish reversal pattern) would bring price back to the lows (and likely lower). A breakout would likely lead to ~10%+ bullish impulse. Place your bets!
For a clear visual, examine Wyckoff Distribution Schematic 1 here - miro.medium.com
Watch for a break of the trade range low (which will signal a multi month/year bear market)
Reminds me of the BTC distribution that I observed several months ago, linked below in the RELATED IDEAS area.