Is Bitcoin carving a Wyckoff distribution pattern like we saw in May? Or is this a reaccumulation phase before the big move north?
That’s the question I’m addressing in today’s newsletter.
Plus, updates on the BTC short-term chart, DXY, ETH, and VET.
Wyckoff Schematics: Here We Go Again
By now, I’m sure you’ve seen the Wyckoff posts circling on Twitter.
Ever since Bitcoin carved a distribution schematic between February and May and then an accumulation phase a few months later, everyone is an expert.
I say that jokingly, but it’s also true.
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