BTC Will Probably Stay Boring For A While Before Retracement.

Sep 11, 2022

As we have finally showing solid signs of bottoming, i would say that we have entered a wyckoff accumulation pattern at the lows. We've done something similar in 2015 and even in 2018, but it is looking more like '15. We are talking about completed crashing structure here, and not that we are just going to a new bull market here, at least not for BTC. With the Altcoins there could very well be a different story here, what i've already presented in a previous idea. Retracements usually reach to at least 0.5 / 0.618 fib. level., something what BTC still hasn't done yet. This always happens at some point. Best case scenario we could see prices to reach .702, even .786 (78.6% of the initial fall) which sits at 55k area, before turning back down again. This would trap a LOT of retail investors in, and this is something markets love to do.

I am not a financial advisor so non of this should be taken as a financial advise. Be well.