veryevilone

BTC finding support?

KRAKEN:BTCUSD   Bitcoin
I cant believe i am saying this since i feel bearish. But from TA standpoint it looks like BTC is forming support, preparing for a move up. It could just be the halving hype.

The technical pattern i use is a channel, the prediction is loosely based on Wyckoff analysis. Where atm. its in "accumulation" you can google wyckoff distribution and accumulation theory if you want :) It was conceived many decades ago but still seems relevent.
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