BitcoinAtualizado BTC Appears to be in a repeating Wycoff Distribution Pattern.
I noticed this on the 15 min BTC/UDS chart. BTC/USD appears to be in a repeating Wycoff distribution pattern. In my opinion BTC should have broke up or down by now. Everyone can feel this is dragging on unnecessarily.
The last time it formed this pattern was in Dec. or 2023 before it broke through resistance went sideways a few days and then launched to new all time highs. In that case the pattern only formed once. So its possible this distribution pattern is a fake out. The news however seems to all be "BTC to the Moon," "expect 250k, 350k, or 500k BTC by Dec 2025" which makes me think this is more of a distribution pattern and they are trying to unload as much BTC onto weak holders before they take the market down.
You might be able to trade this pattern if it continues to repeat, but no guarantees. Its no secret that the US government is something like 25% of all spending in the economy. In my opinion if Trump and Musk are able to cut as much as they say they will, it will cause a short term economic downturn until the markets figure out how to shift dollars to private industry. Or maybe its all just talk.
Thoughts?
The last time it formed this pattern was in Dec. or 2023 before it broke through resistance went sideways a few days and then launched to new all time highs. In that case the pattern only formed once. So its possible this distribution pattern is a fake out. The news however seems to all be "BTC to the Moon," "expect 250k, 350k, or 500k BTC by Dec 2025" which makes me think this is more of a distribution pattern and they are trying to unload as much BTC onto weak holders before they take the market down.
You might be able to trade this pattern if it continues to repeat, but no guarantees. Its no secret that the US government is something like 25% of all spending in the economy. In my opinion if Trump and Musk are able to cut as much as they say they will, it will cause a short term economic downturn until the markets figure out how to shift dollars to private industry. Or maybe its all just talk.
Thoughts?
Trade ativo
As of Jan. 31st the pattern seems to be continuing. I can see some chances to make some money here. 
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.