BTC weekly M pattern.
Fundamental: As Bitcoin exchange reserves hit an all time low from moving to cold storage wallets, it can be concluded that selling pressure is decreasing.
Technical: Derived from harmonic trading, W and M patterns are constantly being created in all types of markets an timeframes. M and W patterns complete at their necklines. Intraday timeframes will be analyzed to determine entry point.
Technical: Derived from harmonic trading, W and M patterns are constantly being created in all types of markets an timeframes. M and W patterns complete at their necklines. Intraday timeframes will be analyzed to determine entry point.
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