dwdrum

dwdrum

Looking at this the final drawdown of BTC did not occur until we had gone back below .786 using the Fib levels from market bottom to the market top of the prior cycle. I expect us to be nearing the crescendo of this cycle. We could still go lower But I believe this is cause to begin paying attention. Accumulation zones are beginning to form.

dwdrum

Looking at this the final drawdown of BTC did not occur until we had gone back below .786 using the Fib levels from market bottom to the market top of the prior cycle. I expect us to be nearing the crescendo of this cycle. We could still go lower But I believe this is cause to begin paying attention. Accumulation zones are beginning to form.

dwdrum

While historically we have seen BTC Bottom around the 200wk MA. During the Covid crash we visited the 300wk. As of today we are below the 300wk. The 400wk is coming up to a potential level from the 2019 highs just under 14k that would be a more likely bottom, at least a local bottom, for BTC going forward. Watching this closely over the coming days/ weeks.