2 min

Bitcoin – local redistribution!

Last time we have been talking about the S&P500, that current bear market is not the true bear market - just a correction. I am waiting for the last leg down before the bullish trend.

Hello, everyone!

Last time we have been talking about the S&P500, that current bear market is not the true bear market – just a correction. I am waiting for the last leg down before the bullish trend. Today I found the very interesting formation which predicts this leg down.

Let’s take a look at the 1h timeframe of the BTCUSDT chart of the WhiteBit exchange. Here we can see the potential redistribution chart pattern. All Wyckoff events coincides with the textbook, but the main feature of the redistribution is the UTAD – fake breakout of the trading range. Now the LPSY is happening  – the test of the higher band of the structure. If we will see the rejection form this level the scenario on the chart is actual.

Best regards, Ivan

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Hello, Skyrexians! Let’s make an update on AVAX the coin with the most clear Elliott waves structure. We have some changes since our last update. Let’s take a look at

Hello, Skyrexians! We had some doubts in this scenario, but now price action clarified it. Dominance has finally decided to pump in the wave 5 and this wave can be

Hello, Skyrexians! Yesterday we pointed out that Ethereum has not finished the global correction and is waiting for crush, today we found the same pattern for DOGE . We still

Hello, Skyrexians! Recently we have already told that potentially ETH has been finished the correction and is ready to reach $7-10k, but today we recalculated waves and can tell that

Hello, Skyrexians! It’s time to update SUI idea. Last time we pointed out that wave 3 has been finished and correction incoming. Now we are seeing this correction. Today we

Hello, Skyrexians! In the era of memecoins when everyone is talking about PEPE, DOGE and HMSTR we have the quite meme W which is now at the very low prices