Possible Cycle Top According to Wyckoff Theory
Price action strongly resembles the Wyckoff distribution phase, which could indicate that the cycle top is in. We are waiting to see if a final high will be set or not.
The invalidation of this idea is straightforward:
If the price breaks above 110K and finds acceptance there—such as with a monthly close—this would be a reaccumulation rather than a distribution.
The invalidation of this idea is straightforward:
If the price breaks above 110K and finds acceptance there—such as with a monthly close—this would be a reaccumulation rather than a distribution.
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