đš URGENT! MUST READ. đš
đš Attention #CRYPTO Investors! đš
Iâve identified a pattern that could help clarify the current market situation. While many crypto influencers are predicting Bitcoin will hit $44-48k, I have a different perspective. In this post, Iâll explain why you shouldnât be misled by these predictions and present a compelling reason for my view. Letâs explore:
Bitcoin ($BTC) has been trading within a range since early March, giving the impression of a stagnant market. However, those forecasting $44-48k are missing a crucial detail: we are likely forming a significant accumulation pattern known as the 'Wyckoff Re-accumulation.' This pattern is a bullish signal, suggesting we may soon reach new all-time highs.
Understanding the Wyckoff Re-Accumulation Pattern:
Check out the attached chart which illustrates the Wyckoff Re-Accumulation pattern. It demonstrates that the market is in an accumulation phase before continuing its upward trend. This pattern typically occurs when the market is moving sideways.
Pattern Chart Overlaid on Bitcoin Chart:
Iâve overlaid the Wyckoff pattern on the Bitcoin chart to highlight the similarities with the current market conditions. For better clarity, I've also drawn the pattern directly on the Bitcoin chart.
Drawing the Pattern on the Bitcoin Chart:
In the provided image, youâll see the Wyckoff pattern drawn on the Bitcoin chart, showing how closely it aligns with the current market situation.
Why This Matters:
The Wyckoff pattern is a bullish continuation signal, indicating that the market cycle is far from complete and a new all-time high may be on the horizon. We are currently in a re-accumulation phase, setting the stage for a significant upward move!
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