BTC - projection



This chart I found online perfectly illustrates the idea. We are doing relatively well initially, with the accumulation phase, not understood as Wyckoff, but as a flat pattern, an area in which positions are loaded and the probabilities of breaking in either direction are accumulated, which worked well in January and was followed by the false breakout phase on the downside in February. Now we are in March and we are looking for a green month of recovery. On the technical side, the indicators favor a rebound. For example, the daily RSI indicates a bullish divergence in development. On the other hand, tools such as the fixed range volume profile show us HVN over areas such as $68,870 and $63,140, which could play an important role as resistance and support zones respectively, in each case as test zones to continue the upward movement.

The fundamental war scenario currently unfolding points in favor of BTC and alts.
BTC-0,18%
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