BTC 2 week reaccumulation zone
BTC likes regularity
This post is merely to confirm or deny the theory, replaying price action in the future.
In the current bullrun BTC seems to be moving within certain timeframes. A 28-30day pump is followed by an approximate 2 week correction + reaccumulation period.
In accordance with the theory, current week ends the reaccumulation period and a new pump shall begin on March 5-8th. Within this week we might see further decline and an eventual bounce back from 40,5K support area.
Regards,
SP
This post is merely to confirm or deny the theory, replaying price action in the future.
In the current bullrun BTC seems to be moving within certain timeframes. A 28-30day pump is followed by an approximate 2 week correction + reaccumulation period.
In accordance with the theory, current week ends the reaccumulation period and a new pump shall begin on March 5-8th. Within this week we might see further decline and an eventual bounce back from 40,5K support area.
Regards,
SP
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