ADSV11

I've been tracking Bitcoin's recent movements, and I believe we're seeing a classic Wyckoff distribution pattern play out. Key Levels and Phases Phase A (Buying Climax - BC): We saw a significant buying climax, where the price reached a peak in the upper $70,000s. An Automatic Reaction (AR) followed, pulling back to around the mid $60,000s. Phase B: During this phase, the price oscillated between the mid $60,000s and the upper $70,000s, forming a series of Secondary Tests (ST) and minor Signs of Weakness (SOW). Notice the increased volatility and volume spikes, typical in this phase. Phase C: We might be in Phase C, where a potential Last Point of Supply (LPSY) is forming. The recent rally failed to break the resistance in the low $70,000s, indicating potential weakness. Diminishing Volume: The recent rally to the low $70,000s saw diminishing volume, hinting at a lack of buying interest. Bearish Signals Major SOW? The price broke below the minor SOW level (mid $50,000s) and bounced back, possibly confirming a major SOW. RSI Divergence: The RSI is showing bearish divergence with multiple bear signals since March. Trading Strategy Short Position: If the price fails to break above the low $70,000s again and shows bearish signs, consider entering a short position. Target the previous support levels around the mid $60,000s and mid $50,000s. Stop Loss: Place your stop loss just above the low $70,000s to manage risk. Remember, always do your own research and trade responsibly. Happy trading!More volumeincrease volume

NEAR/USDT on the daily timeframe highlights the Wyckoff phases A, B, and C, indicating a potential short position setup. In Phase A, there is a break of structure (BOS) followed by a sign of weakness (SOW), suggesting initial bearish pressure. Phase B shows multiple tests of resistance and support levels, forming lower highs (CHoCH) and lower lows, signaling further consolidation and distribution. In Phase C, the final sign of weakness (LPSY) is evident as the upward trendline is broken, leading to a sharp decline in price towards lower support levels. The target price is set at 4.459 USDT, with a risk/reward ratio of 3.4. Key price levels include 6.029 USDT and 4.813 USDT, with a strong support zone around 2.670 USDT, making this a compelling short position opportunity.TP1 reach. hold 50% positionReshort with full positionClose 50% . Keep 50 to 2.6

Apply Wyckoff in for BTCUSD ticker. Do you think, will BTC have a spring test for this Phase or not?