I've defined the high probability mean reversion pivot for you, if price crosses inside there's a fantastic chance we'll see significant downside of around 18%.
This will be the reaccumulation period before Bitcoin's next bull run.
A fantastic chart with a lot of parallels to the previous bull run. From the looks of it, we should hit the swing high followed by a lengthy compressionary period as Bitcoin restores to a state of potential energy once again.
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We're in a short term compressionary period and the long term mean reversion pivots are still miles away. Sit tight, trade some short term lateral chop and wait to see if there's downward net expansion.
Price went to my long term consolidation target, and stalled exactly there. Coincidence? Maybe. Though more likely we've discovered the means of identifying long term dynamic institutional benchmarks through 3D Wave PM.