šØ URGENT! MUST READ. šØ
šØ Attention #CRYPTO Investors! šØ
I've uncovered a pattern that could ease your concerns about the current market. While many crypto influencers are predicting Bitcoin to hit $44-48k, I see things differently. In this post, I'll explain why you shouldn't be misled and provide a compelling reason. Let's dive in:
As we all know, #Bitcoin ($BTC ) has been in a range since early March, making the market appear stagnant. However, those calling for $44-48k are overlooking a significant detail: we are likely forming a massive accumulation pattern known as the 'Wyckoff Re-accumulation' pattern. This is a bullish continuation pattern, suggesting that we may soon reach new all-time highs.
Understanding the Wyckoff Re-Accumulation Pattern:
Take a look at the attached pattern chart. It shows that the market is in an accumulation phase before continuing its uptrend. This pattern typically forms when the market is stuck in a range.
Pattern Chart Overlaid on Bitcoin Chart:
I have overlaid the Wyckoff pattern on the Bitcoin chart, highlighting the similarities between the pattern and the current market situation. For further clarity, I've also drawn the pattern directly on the Bitcoin chart.
Drawing the Pattern on the Bitcoin Chart:
In this image, I've drawn the entire Wyckoff pattern on the Bitcoin chart, making it easier to understand. You can see how closely it matches the current market situation.
Why This Matters:The Wyckoff pattern is a bullish continuation pattern, indicating that the market cycle is far from over and that a new all-time high is likely imminent. We are currently in a re-accumulation phase before a significant upward move!
