BTC/GOLD: WyckOFF Distribution کتابی در حال پیاده‌سازی؟

I've been staring at BTC priced in Gold for a while and much like Btc vs Mag7, its starting to look textbook Wyckoff distribution.

We had the classic Phase A with the Buying Climax (BC), Secondary Test (ST), and Automatic Rally (AR) followed by the Sign of Weakness (SOW).

Then we rolled into Phase B with all that range-bound action.

Now we’re clearly in Phase C/D — we’ve had the Upthrust (UT), another Upthrust After Distribution (UTAD), and we just printed what looks to potentially be a Last Point of Supply (LPSY).

The whole structure lines up fairly nicely with the classic distribution schematic (pasted the reference on the chart).

Price is currently sitting near the previous ATH from 2017.

If this plays out the way Wyckoff suggests, we could be looking at a pretty serious markdown phase coming once we break and hold below that level.

This aligns with my broader theory that we are due for a severe correction in equities.

Btc, being a high beta risk on asset, tends to fall harder/faster in risk off environments.