However, the price action recently is encouraging. To me it looks like there is massive accumulation being done by large investors. As long as we can stay within the triangle area's, I believe after a few weeks or perhaps months of accumulation, the indicators will get squeezed and prices could lunge into a massive rally. To me, this seems inevitable considering all of the positive news coming out. Average people like traders on Fidelity, TDAmeritrade and Schwab have no way to invest, and obtaining BTC and other coins or tokens is too complicated and intimidating for many. When these large pools of investors are able to invest using Coinbase's index fund and other ETF"s that will be launched, the flood gates will open as soon as they see BTC starting to move up. This will be the great FOMO breakout
Keep in mind, it's not only small investors that will be able to invest. Coinbases new vaults for high net worth individuals and Hedge Funds with FDIC insurance, and their Index fund, is going to reassure these investors that it is safe to dip their toes in the waters . Many have been reluctant to come in, due to regulations and security issues. They certainly don't want to invest 50 to 100 million if there is a possibility that they will get hacked and they have no insurance
If we break the triangle consolodation areas, I've put my best guess alternate correction in Yellow.
Hope you all are doing well