BTCUSDT - Trying to be bullish but Wyckoff Distribution?
2025-02-01
Category: None

Lost a bunch of money in the past couple of months trying to trade like a bull. Today, I misclicked on Bybit and accidentally closed all my positions, which were in the red. That meant I lost a lot of money. I sat behind the computer and went out looking for answers.

This is one of the first ideas. Why? Because USDT.D looks to be forming a low, and if USDT goes up, it usually means all assets go down.

We also had multiple opportunities to break to the upside but didn’t. A break to the downside is usually the most painful.

Invalidation of the idea: A break above 108,000.