BTC is in a descending wedge on the weekly and is in one huge Wyckoff Accumulation Pattern since the June 22 Low (Selling Climax).
However the descending wedge has a lot more downside.
The target is $8500 - $9000 some time in March for the Spring in Phase C (The Ultimate BTC bottom).
We are currently in Phase B in the Accumulation structure and to soon...
Another picture perfect Wyckoff distribution pattern playing out in Doge similar to other Alt Coins at the moment.
Doge heading to 0.045 cents.
We are currently in Phase D at the last point of Supply as the range heads to phase E where Support will be broken and the downtrend continued.
Total 3 Market Cap is approaching the Phase E of Wyckoff Distribution where the price will soon break the support and continue the downtrend.
The Target is $150b which can be seen as obvious support on the weekly.
This is the beginning of the 50-60% drop most alt coins will experience.
Wyckoff distribution almost complete as we approach Last Point of Supply.
We have RSI Bearish divergence and a stock market crash beginning also.
This in the end of the relief rally and you can short all the way to 12-10k if you wish.
Use the Uptrust after distribution UTAD as your stop loss.
This is the perfect short.
Matic is in a clear WYKOFF distribution pattern.
Currently at the LPSY.
Great short opportunity as this is likely the top of the relief rally.
We are the Last Point of Supply. Use the Uptrust after distribution as your stop loss.
Target 0.52 cents.
We also have divergence on RSI on the 4 hour.
Bitcoin is in a Bull Pennant and is poised to Test the June Low.
Likely to get rejected.
But I'm confident we will test it as this is the measured move of the flag pole.
Perfect Bull Trap as this will get Bulls excited that the bull run is back on only to be rejected.