A contact on Facebook recently posted me a graph of bitcoin.
His theory being that Bitcoin is ultimately coming to the end of a long consolidation as per the Wyckoff theory of market trends.
For those who are interested https://www.investopedia.com/articles/active-trading/070715/making-money-wyckoff-way.asp
Here's the original chart plus notes which were shared to me.
This is another good piece of evidence that we have ultimately bottomed out and why we should be buying and accumulating at the moment.
The market, if it follows the pattern here (that's an important caveat), is bottoming out and will recover over the coming weeks and months and BTC itself will be at 10K again before Winter.
More importantly this suggests that the compression wave I've been laying out on here for the past couple of weeks is indeed going to resolve upwards.
I will be keeping watch on how closely the markets conform to the Wyckoff outline over the next weeks.