Update: Bitcoin Wyckoff Distribution - Face the Fractals

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tonipatino
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Is Bitcoin still in the middle of a Wyckoff price cycle? Are fear and greed once again painting a picture of smart money manipulation in the price of everyone's favorite decentralized crypto currency?

Ben Cowen posted a great video over the weekend clearly labeling the similarities between the large and well known Dec 2020 - April 2021 Wyckoff distribution event and the July 20 - Sept 18 smaller distribution that appears to be playing out as a smaller fractal of the first.

Ben's Video: https://www.youtube.com/watch?v=WzfpVZXdIb8&t=647s

In this video I share my take on the same chart, focusing on the psychology at play and how it is the amplification of fear and greed that most manipulate price. Even this video plays into that cycle!!!

I still do not know where price is heading next, but I do know that I am heading outside to feel the sunshine. That is the biggest difference, for me, between these patterns.

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Crypto Trading
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