#Bitcoin could be taking 2 Very different paths. This chart show the shortest "Acceptable" accumulation timeframe. A couple factors for us to look at that point in both directions.
#BTC #Dump
1. A 61.8% drop would land us near $26350.
2. The time frame for the bear market to be over here lands us near United States Tax return time. Time where we expect alot of U.S money to enter the market.
3. Price Action: there is 0 price action in the yellow range. That is a psycological factor for many institutional investors, as we are surely gaining more of these.
4. This makes a complete impulse Wave down.
#BTC #Pump
1. This could have been close to a truncated wave5 meaning we are in our ABC on the larger timeframe.
2. One #Cme Gap has been filled.
3. We just completed a Triple Bottom. Most Triple bottoms lead to a nice recovery.
4. Bitcoin mining hashrate has is very high again.
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