I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.

This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.

Monday, 20 May 2019

Weakness observed on BTC, Distribution Phase?


Weakness as explained on chart. A fall below the ice, closing below $7,000, will confirm BTC Distribution Phase (Top).

Closing above $8,400 will falsify the analysis.

Disclaimer applies.