I analysed all the BTC pullbacks of the past 15 months

I analysed all the pullbacks from ATH's to local bottoms of the past 15 months and figured out that the current pullback, about 38% from BTC's latest ATH is quite a normal thing to happen. There have been smaller and larger pullbacks in the past but this one s fairly standard. Plus, it appears that BTC is going through a Wyckoff accumulation phase and the latest drop appears to be a test of supply whereby the price usually drops to the bottom of the trading range as set by the first selling climax which occured on 4/12/21. So following the text book and the usual patterns the price should continue to go back up again soon.

All BTC pullbacks of the past 15 months



Submitted January 06, 2022 at 11:39AM by PaperProfit https://ift.tt/3F0mBUs

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