Despite the current sell off, the overall picture is bullish
In fact the bears seems to find a lot of difficulty having Bitcoin to retrace - this is EXTREMELY bullish in my opinion. I do not believe my previous target of 7,800 will hold as resistance and I believe Bitcoin may go up to 9,000 before the retracement happens.
There are three more factors which indicate to me that we may have seen the bottom already and entering a bull market right now:
1. Wyckoff accumulation Phase C is finishing and we are about to enter Phase D
2. We are seeing 6 daily green bullsh candles in a row - the last time we saw this happen was back in June 2017
3. Bitcoin dominance is at 45.2% right now - this is a precursor to a Bitcoin bullrun where altcoins dump into Bitcoin in anticipation for the King to go on a rally before distributing to altcoins again
There are three more factors which indicate to me that we may have seen the bottom already and entering a bull market right now:
1. Wyckoff accumulation Phase C is finishing and we are about to enter Phase D
2. We are seeing 6 daily green bullsh candles in a row - the last time we saw this happen was back in June 2017
3. Bitcoin dominance is at 45.2% right now - this is a precursor to a Bitcoin bullrun where altcoins dump into Bitcoin in anticipation for the King to go on a rally before distributing to altcoins again
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