28-10-2019 19:00 via newsbtc.com

Not So Fast Bulls: Latest Bitcoin Pump May Be Wyckoff Distribution Throwback

The Bitcoin pump heard ‘round the world has the entire market bullish once again, following Bitcoin’s third-largest one day gain in its history on news that China is in support of the blockchain technology underpinning Bitcoin and other crypto assets.
Even the most bearish crypto traders have flipped bullish on Bitcoin, however, the spike could simply be a throwback according to Wyckoff’s distribution model, which would suggest that the rally is not only over, but that the real
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