84 day distribution range on BTC/SPX, overlapping the HTF 196 day distribution range.
Whales are exiting BTC and rotating into SPX. 18hr bearish BOS confirming in 2 hours. Supply mitigation on the backtest will be amazing confluence for BTC shorts.
Nice lil short on $TURBO
Entry: 5m Bojan high into 0.5 fib + 10m breaker block
Confluence: SMT on BTC with TOTAL & USDT.D distributions
Trading very small size while learning this strategy, but so far results have been good
s/o @Wyckoff_Insider for the knowledge
@Wyckoff_Insider HTF bullish structure with extremes mitigated, M Bojan formed in discount with clean BU/LPS zone. UNF candles and sentiment liquidity above.
@Bitcoin Body language: higher timeframe structure.
Head movement: short term price action
Short term sentiment: divided
Underlying positioning: directional
@Wyckoff_Insider
@Bitcoin Mother (BTC) changing directions back and forth, but body language points strongly in one direction with all 4 looking the same way.
Babies (retail) looking whatever way mother points. As mother looks straight (balance), sentiment is split but body language still points right.