More time in the bottom of the range is good for BTC
Updated
With BTC going into its 3rd 60 day consolidation cycle it is still uncertain if it will break out into price discovery.
The current volume profile of this range currently looks distributive which could signal a coming break down from the range based off the Wyckoff schematic.
However spending the next ~60 days below the middle of this current range, but not breaking it would signal strong accumulation and set up a break to all time highs around the August to September timeframe
The current volume profile of this range currently looks distributive which could signal a coming break down from the range based off the Wyckoff schematic.
However spending the next ~60 days below the middle of this current range, but not breaking it would signal strong accumulation and set up a break to all time highs around the August to September timeframe
Note
Well fug. Looks like we're rolling over into that late cycle low or this was a failed 60 day cycle and we should expect 52kNote
Very good flush of sentiment. Hoping to get back in that purple box and range there for a bit. Will signal strong accumulation. I strongly believe Bitcoin gets to 3T market cap this cycle to be on par with a tech company and the greater crypto ecosystem to 5-6T. Time is the number one thing needed for these assets.
Note
Back in range. Wyckoff distribution with a failed break down. Don't have a good guess if we break into price discovery or not this time, only hope.
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