BTC: Sellers are getting stronger
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
This analysis is based on the composite man theory of Wyckoff. In the following idea, I explained the principles of this analysis.
This analysis shows: The number of buyers compared to sellers (despite the constant volume of transactions) is increasing. This means that salespeople are getting stronger (composite men are on the sales side)
If continued, this could lead to lower prices, indicating that we are probably in a redistribution area.
