From TradingView · · 40s
BTC Wyckoff Distribution Setup Signals Markdown
Bitcoin price targets markdown after institutional selling pressure
In brief
Bitcoin price targets markdown after institutional selling pressure Institutional selling pressure signals upcoming price markdown Originally reported by TradingView.
Wyckoff Distribution Pattern
Bitcoin forms a classic Wyckoff Distribution range after extended markup.
Institutional Selling Pressure
Volume decreasing on highs with rising volume on bearish candles indicates institutional selling.
Trade Setup Targets
Entry at 79800 with take profits at 70000, 67000, 62000, and 58000.
Stop Loss Hit
Stop loss was hit due to sudden market sweep after entry price update to 76000.
Risk Management Note
Always manage position size according to account equity for trading safety.
The key point
Institutional selling pressure signals upcoming price markdown
