Description
⋅ SUMMARY: Long, retracement almost complete
-- Technical --
A mini Wyckoff distribution has played out and traders have been TP.
RSI and Soch RSI are showing oversold on the 1& 4H and he daily is approaching neutral.
Could be a little more pullback but 0.5 will probably be the bottom, if it is not already in on the 0.382.
-- Fundamentals --
On chain analytics show BTC continues to be taken off exchanges and whales continue to accumulate.
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*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think? Let me know below.