Bitcoin / TetherUSGüncellendi BTC Distribution Scenario
I'm considering a new scenario following the breakdown of price below supportive structure. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend.
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be
59K range mid-April) before a move to the Upthrust (UT).
Best, Hard Forky
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be
59K range mid-April) before a move to the Upthrust (UT).Best, Hard Forky
Not
Monthly - just a point of interest Not
bearflag forming Not
Not
re-entry into the flag channel Not
expecting move down Not
the channel held, likely pivot from distribution structure Not
support touch Not
SOW hit Not
Not
pullback Not
stage target hit Not
1st target SWB:69K Not
Updated Timelines : Not
Not
Final leg up in Phase B - Not
Upward Thrust - 
Feragatname
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