Uncommon Bitcoin Metric Suggests Massive Profit Taking Is Underway

Date : 11/16/2019 @ 2:00AM
Source : NEWSBTC
Stock : Ethereum (ETHUSD)
Quote : 147.89000000  -0.95000000 (-0.64%) @ 10:26PM
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Uncommon Bitcoin Metric Suggests Massive Profit Taking Is Underway

At the start of the year, it was clear that Bitcoin was in an accumulation phase, where “smart money” buys up an asset in anticipation of a sizable increase in value during the following markup phase. According to the Wyckoff method, after the price of an asset is sufficiently marked up, comes the distribution phase...

The post Uncommon Bitcoin Metric Suggests Massive Profit Taking Is Underway appeared first on NewsBTC.

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P: V:fm D:20191207 14:26:54