This explains why ETH has been performing well and why I'm focused on ETH since it's reversal. This has confluence with my previous posts at the micro and macro level.
Trend reversal almost confirmed using the fib.pitchfork method
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Slowly but surely the formation will be complete. I believe BTC is in the accumulation stage as price is holding (with a slow drop) and buying is up (based on accumulation and distribution index).