BTC - Month of June

28 พ.ค. 2023

Here is a Wyckoff distribution pattern I am seeing and suggest two potential paths before the eventual downturn:

Path 1 - No HH but a weak LPSY
Path 2 - HH to hit .5 fib

More inclined to Path 1 considering the range is tilted downwards and also the leeway in momentum divergences.

28 พ.ค. 2023

บันทึก

Also if its a new HH, i would think this will evolve into a much bigger TR, but considering where we are in the cycle and wave that's not likely. So, bias is for a weak LPSY to ~28/29k or <30k

5 มิ.ย. 2023

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Tick-tock

6 มิ.ย. 2023

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7 มิ.ย. 2023

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8 มิ.ย. 2023

บันทึก

Generally, if the price lingers at channel support like this, will eventually breakdown, failed recapture.