Bitcoin (Local?) Bottom - Wyckoff Accumulation
This is looking like a potential bottom for Bitcoin, even if it's just a local bottom. We have an accumulation off the daily demand, while USDT.D is doing the opposite. There is an inverse relationship between the two.
Keep an eye out for a bounce here. If we fall through this daily demand, we could go a lot lower, but let's try to think positive thoughts. Last cycle we bottomed out at the end of June 2020 before the real bull run started. Let's hope that's the case here as well
Keep an eye out for a bounce here. If we fall through this daily demand, we could go a lot lower, but let's try to think positive thoughts. Last cycle we bottomed out at the end of June 2020 before the real bull run started. Let's hope that's the case here as well
USDT.D Distribution