BTC Weekly Analysis: Wyckoff Schema, Balances on Exchanges & Market Cycle.


 

Wyckoff's pattern of distribution in Weekly is almost at the end of phase D marked by capitulation before entering the last phase E of rage and depression during the end of a market cycle.

https://www.tradingview.com/x/rF1s3Z47/ 

 

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8000 BTC left the exchanges today, a small bullish signal next to all that remains on the balance for dump since the big bullish peak of August 3rd.

Unfortunately we are dependent of the stock market with the Dollar Index DXY and the S&P 500, so be patient until Monday.

 

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📈 Bitmart: https://www.bitmart.com/en?r=7cxGAc

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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