Expecting a slow bitcoin bounce back to 59k in May.
Hi guys,
Looking at this via Wyckoff theory, we have seen distribution - accumulation - distribution, and what I think is going on right now is another cycle of accumulation.
Looks like things are forming a bottoming formation here as well, a nice Adam and Eve pattern is being formed.
I think we form our rounded bottom or our Eve right here and go range and sideways for a bit, between 35k-40k range until we break up and above there.
Don't expect it to be fast, expect it to be peaking at around May only.
Stay safe - Stay (covid) negative
-The Dang Oracle
Looking at this via Wyckoff theory, we have seen distribution - accumulation - distribution, and what I think is going on right now is another cycle of accumulation.
Looks like things are forming a bottoming formation here as well, a nice Adam and Eve pattern is being formed.
I think we form our rounded bottom or our Eve right here and go range and sideways for a bit, between 35k-40k range until we break up and above there.
Don't expect it to be fast, expect it to be peaking at around May only.
Stay safe - Stay (covid) negative
-The Dang Oracle
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