BTC is in a descending wedge on the weekly and is in one huge Wyckoff Accumulation Pattern since the June 22 Low (Selling Climax).
However the descending wedge has a lot more downside.
The target is $8500 - $9000 some time in March for the Spring in Phase C (The Ultimate BTC bottom).
We are currently in Phase B in the Accumulation structure and to soon transition to Phase C. (Capitulation)
However the descending wedge has a lot more downside.
The target is $8500 - $9000 some time in March for the Spring in Phase C (The Ultimate BTC bottom).
We are currently in Phase B in the Accumulation structure and to soon transition to Phase C. (Capitulation)