Gavain

Wyckoff distribution ending to the Bitcoin bull cycle?

BITSTAMP:BTCUSD   Bitcoin
The fractal you see is taken from the Bull run we saw earlier this year. This would in fact be a unusual ending to a btc bull cycle, since we saw a "blow off top" or a sharp increase in price followed by a sharp decrease in 2017/18 and 2013/14. But, due to the pullback in May that lasted all the way ´till august, this is a scenario would play out nicely. This would also signal that the top for Btc in this bull cycle is around 75,000 USD. After this top comes in, the Alt- season has a green light and smart money currently in btc will flood into the altcoin market. The returns are not in Btc anymore, we must now look at the altcoin market.

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