By zooming out you can notice that BTC has been accumulating since hitting the highest point in December 2017.
Accumulating in the bigger scheme. This is also confirmed by the decreasing volume, which is what one would expect in an abcde-accumulation pattern.
I believe we are right now in the last part of this huge accumulation: wave E.
If bitcoin bounces anywhere around 8000-9000 then that would be the signal for a huge incoming bull run.
The bull run would be confirmed once we break that upper resistance line.
This post is for educational purpose only, if you enjoy it, hit the like button and let me know what you think.
Accumulating in the bigger scheme. This is also confirmed by the decreasing volume, which is what one would expect in an abcde-accumulation pattern.
I believe we are right now in the last part of this huge accumulation: wave E.
If bitcoin bounces anywhere around 8000-9000 then that would be the signal for a huge incoming bull run.
The bull run would be confirmed once we break that upper resistance line.
This post is for educational purpose only, if you enjoy it, hit the like button and let me know what you think.