Bitcoin Wyckoff suggest possible reaccumulation for BITSTAMP:BTCUSD by InvadingViews

chartpattern waveanalysis trendanalysis bitcoin xbtusd btcusd btc

While I know my previous idea says we are unlikely to go below 30k, new data changes this perspective. Its looking more like a potential accumulation range, a moderately large one at that, for the big boys to accumulate while the small guys get bored and move on the other assets.

SHORT TERM = SHORT
MEDIUM TERM = SIDEWAYS
LONG TERM = LONG

Comment:

While we have bounced off the top of the support box, I suspect we will also get rejected at resistance. Will not be shorting though. Just waiting holding the 34k long.

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