BTC Distribution Scenario - Revised timings
Updated Bitcoin scenario - mapped with new, extended timeframe.
It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend.
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we are now well within Phase B, past the Sign of Weakness (SOW) below initial support (target price was
59K but final SOW was closer to 56k) and we now move into the Upthrust (UT), target is 75k BTCUSD.
If this scenario holds true, the potential new Bitcoin ATH comes early August at around 80k.
Best, Hard Forky
Initial Scenario Mapping:
It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend.
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we are now well within Phase B, past the Sign of Weakness (SOW) below initial support (target price was
59K but final SOW was closer to 56k) and we now move into the Upthrust (UT), target is 75k BTCUSD.If this scenario holds true, the potential new Bitcoin ATH comes early August at around 80k.
Best, Hard Forky
Initial Scenario Mapping:
Catatan
Catatan
HL, move up now in progress. Catatan
Catatan
Catatan
Final leg up in Phase B - Catatan
Upward Thrust Entries in Catatan
Catatan
limite UT rally - some possible price recovery over next few days Catatan
Flat through to end of August Catatan
Revised SOW - the trends have been profitable but perhaps this pattern is due to run through to 2025 
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