Here's my current take on where we are with Bitcoin. As it stands, all things point to further distribution. In the first half of the trading range (up to the UTAD), we saw an overall decrease in supply volume as the price action increased: this type of VSA divergence is bearish. In the second half, we are experiencing a pullback as supply volume increases in predominance -- also a bearish divergence between price and volume. A large accumulation spike on the 21st of last month was unable to rally from support, and since then we've seen further inability to overtake at range midpoint (0.5% Fibonacci). We've also seen notable supply spikes emerging each time the PA touches microtrend resistance.
*Be sure to subscribe for more easy-to-follow charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts, see all the wins for yourself, then come join us!
**Not financial advice. Always DYOR and trade at your own risk.
*Be sure to subscribe for more easy-to-follow charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts, see all the wins for yourself, then come join us!
**Not financial advice. Always DYOR and trade at your own risk.
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