Bitcoin TOP is in? ; Evidence of Wyckoff Disttribution

3 de abr.

Wyckoff Distribution sadly showing its' face here. Amidst the overt euphoria around ETF's and big names getting into Bitcoin, a sad reality has set in - the same pattern that ended the last 2 bull runs (2017 and 2021) is also appearing now.

What's the implication here?
->That the uptrend run is completed. All the work getting us here is being undone.

Also:
-Targets: 50k to 36K
-New accumulation period required for further upside
-Rallies are for selling
-Invalidation occurs above 71k

I'll gladly take the L on this not playing out - I'd much prefer this to the alternative. PROVE ME WRONG PLEASE!