It looks like Wyckoff Distribution phase is happening right now with a top @ around $49,5k. Then, a quick re-accumulation phase with a SPRING @ around $37,5k.
Allen Au predicts the top around 21th Dec. The way I see it, for BTC to remain within its lifetime channel, the TOP would be $80,000!
Why IS Bitcoin Going Doing?
1. Top of Bollinger Bands
2. Bearing Divergence
3. Hit major resistance at around $41,000
4. RSI overbought
Expected correction to either:
a). $35,118
or
b). $33, 744
Disclaimer: Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
It looks like Wyckoff Accumulation is playing out well. We are currently in Phase D.
Disclaimer: Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
