Wyckoff Redistribution Phase - BTC/USD Technical Analysis

in bitcoin •  9 months ago

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Failed retest to break resistance signified what is known as the redistribution phase, Wyckoff Schematic #1. We have finished the UTAD phase, now entering back into the trading range towards LPSY also known as last point of supply. Look out for a retest of our SOW, sign of weakness.

WYCKOFF-jeff.png

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We are in for a bumpy ride!

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