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BTC will retest the bear trendline?

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BTC had broken the major trendline of the bear market starting from November 2021, at the third time touching this one (see screenshot below).

This clear breakout (at the 3rd time) would have risen a question on when the retest would happen.

Using Wyckoff method for short-term period (2H TF), it seem that distribution is happening, possibly. You can find more detail in chart.

Let wait and see if this scenario will play out.

For mid-term, as in my previous analysis, I think that BTC is in accumulation phase to head $30000 (please see below link).


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Catatan
It seems to be a distribution as analyzed.

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Catatan
It seems also there's a manipulation

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Catatan
The considered scenario didn't happen. FED raising rate of 0.25% support bullish buy.
In my opinion, distribution continues. Here below is what I have in mind:

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evasivesteering
Juga di:
Pivot PointsSupply and DemandTrend Lineswyckoff

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Pivot PointsSupply and DemandTrend Lineswyckoff
evasivesteering
Juga di:

Publikasi terkait

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.