Late Night Update - Not Sleeping To Watch The Daily Closing
We are in a reaccumulation schematic and it's not a distribution. Why? CONTEXT.
We're holding the previous ATH and consolidating there for more than 110 days in a 22% range. You don't do that when you're distributing. This consolidation is just refueling for a MUCH MUCH higher leg up. This shit will get explosive and super bullish very very soon.
Here's the best entry in for it. The first chart is candle, second is the line chart which is very similar to what a reaccumulation leg looks like (3rd chart)
The 4th chart gives another take on the same consolidation.
Once we break out of this down trend, we are likely to see 83 85K as I said 2 weeks ago when we were are at 72. "72 > 64 < 85" Remember?
Now it's almost time for party. So take what you see here and plan your investments accordingly.
The invalidation of this whole scenario is BTC going below 60K. 65 to 60 is your buy zone. 83 85 is your target for the next wave up.
