With the US dollar poised for a fall and the inverse correlation with the crypto market, are we possibly looking at a breakout around the 20th...?
Buckle up and I will see you on the other side. Don't forget to cash out profits on the way up. Otherwise you will be panic selling on the way down.
It will be interesting to see what plays out over the coming weeks...
If some-one were to ask, "show me an example of this Wyckoff Accumulation Pattern", then this is it. Other indicators are showing strong bull signals with a potential of breaking through the $70k over the next 48hrs.......then what? Will altcoins follow. Most likely.
10 days of fear due to "who the hell really knows". Mt.Gox? Whales? Fud? Who cares, we are back within the range and heading towards $70....Have we flushed out the Leveraged Shorts?
Wyckoff Accumulation still in play....next target $70k
The last time BTC fell this low below the RSI 25 was back in August'23. That was the start of the run to Jan'24 taking BTC from $26k to GETTEX:48K in 5 months.
Wyckoff Accumulation Pattern Forming? On the Daily BTC Chart?