harith00

harith00 Updated 

We are currently seeing a rising wedge pattern forming on the daily. Indicating a bearish bias. Declining of Trading volume is also apparent, with a few spikes of volume throughout the duration of the rising wedge pattern. Looking at price to have another leg up to retest the resistance of around ~25.2k and above. With price increasing this will attract...

harith00 Updated 

school.stockcharts.com As per Wyckoff Distribution Schematic it would seem like BTC is entering Phase C which would be a retest of previous Up Thrust levels, which formed a higher high to the previous UT. Which would mean a retracement to previously supply zones before heading down further to the support area. However it could also be seen as the current highs...