The volume shows a pattern coming to end in the near future and obviously Bitcoin has not been adopted or in the news much lately. Time for a correction and back to a price where it is more valued at. GL!
Wyckoff distribution pattern showing 2 different scenarios. One with another upthrust and one without.
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are...
With all the talk about possible bottom I thought I would make an idea to see if it is following the Wyckoff Accumulation phases. The comparison with the 2014-2015 chart below is not meant to show how it is following it exactly, but just an example of the last accumulation and how it followed Wyckoff phases.
Here is a list of the abbreviations I used in my...
Chart in link below showing how our attempt to correct the market has bounced of the trendline and could easily get extended down. We haven't seen lower lows yet... so hasn't failed... yet. Just not a greatest sign imo.