Technical analysis by GreyPool about Symbol BTC: Buy recommendation (11/6/2021)

What looks like distribution in the last two weeks is actually re-accumulation and the spike down in volatility is another clue.Historically, in real distribution ranges/phases a spike down in volatility occurs on the up swings, in this case the drop in volatility is happening in the down swing of the range, a big clue this is not distribution.And not just that but when volatility spikes down like that it’s almost alwasys a precursor to a massive move afterwards, I don’t think that move will be down, but even if it is, price will rebound strongly afterwards.