Bitcoin – the massive redistribution?

I told some time ago that began to learn about the Wyckoff methodology and today I wanna show you very interesting scenario for the Bitcoin based on this approach.

Bitcoin – eat the dip!

BTC now is in critical point and losing the current position can mean that we will see $30k very soon.

Bitcoin – when pump?

To be honest the market situation did not changed significantly. I am still in long position.

Bitcoin – bullish breakout!

The Bitcoin formed the strongest divergence with the MACD histogram and MACD line. Moreover I missed the fact that the true countertrend line 2 was broken to the upside earlier.

Bitcoin – bear market will end soon!

Let’s take a look at the weekly timeframe for BTC at the WhiteBit exchange. For me the bear market started with the strong bearish divergence on the weekly timeframe.