BTC is currently forming a Wyckoff distribution pattern similar to Jan 2021 - Aug 2021 (The blue shaded pattern is a copy of the previous pattern for comparison). Please be mindful the timeline not going to be accurate.
In another scenario, BTC will dump to 52-54k then pump as we expected. If BTC makes a HH and then HL, we should expect a massive dump where the accumulation will begin.
This is not financial advice, please DYOR, and I'm going to pray that I'm wrong and this doesn't happen
Great chart - appreciate the analysis share! I've been following the pattern, as well, and am curious to see whether we consolidate with tons of volume. Either the UTAD crests around that 70K range, or it pumps.