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MadCoolMoney
Jan 20, 2021 11:32 PM

BTCUSD Ignore the FUD 

Bitcoin / United States DollarCoinbase

Description

Triangle patterns breaking to the downside. We see it all over YouTube but somehow the price predictions are always off. My Thesis: Wyckoff accumulation/distribution. Phase B in the Horizontal Range. If this is a sub-fractal in the middle of a larger Wyckoff cycle, we could end this with a violent move to the original selling climax followed by an even more explosive move to all time highs within days or hours. I would rather the alternative: A bullish spring from the middle to break the selling trend, then sideways motion between 38k an 43k for a few weeks before we slowly capitulate to 50k and beyond. Reset the NUPL, let the alts pump and prepare for a nice steady run to six figures until EOY. We will have a better idea by tomorrow, but I think either way, BTC has a few more week hands to shake before it gets back on the bicycle.
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