Bitcoin Distribution Scenario

19 Nis 2021

Interpreting the recent run to ATH and subsequent crash as a UTAD (Up Thrust After Distribution) allows a broader perspective to be taken on market behaviour since February. This idea tracks that scenario and provides an indication of the price action to expect if this is to be confirmed. I am still bullish but using this to consider bearish scenarios.

For more information on Wyckoff: wyckoffanalytics.com/wyckoff-method/