Bitcoin Analysis 1/7/23 Wyckoff Distribution Schematic Reminder

7 בינו׳ 2023

This is the first chart I review each day since I believe it's the most important macro chart to be watching. I believe BTC is at the end of Phase D and it's about to Free Fall / Enter Phase E of Wyckoff Distribution. In Phase E I believe BTC will have a fast drop to around 10.4k, have a sharp rebound to maybe 12-13k then chop around for a few months until ultimately dropping to around the ideal 4-6k accumulation zone.