At last, we've reached the Upthrust (UT) in the Wyckoff distribution phase. The short entry target is set at 80k, exit at 57k (approx 30%), with expectations of turbulent price movements for at east a week.
In reflection of previous timings, I was 2 months out on timing (expected in September) but this is a 2 year process so I expect adjustments along the way.
Phase B. During this phase, institutions accumulate shares at lower prices, preparing for an eventual markup. This process can take a year or more, involving both buying shares and short sales to control price increases. Phase B often includes multiple secondary tests (STs) and upthrusts near the top of the trading range (TR). Overall, major players aim to acquire as much of the available supply as possible.
End-to-end, the whole distribution phase should last at least another 10 months until Stage E.
Best, Hard Forky
การซื้อขายยังคงดำเนินอยู่
Initial target reached. Awaiting entry.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
That should be the end of the extension - Initial Entry
บันทึก
Kudos to BTC extending to 99k Initial entry was toast. Retrace to support may yet break downwards to maintain scenario