History Repeats Itself Once Again - BTC Accumulation Phase
This area on the daily of BTC is very similar to the area we're in now
There is a large spread down bar closing off it's lows first (Climactic Action) then price rebounds up and creates a top reversal
It's the combination of the top reversal after the climatic down bar that is telling - indicating Smart Money is accumulating but not ready to send it up yet
It will attempt to retake 11900, get rejected, then we're looking at a prolonged accumulation phase and sideways market again
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There is a large spread down bar closing off it's lows first (Climactic Action) then price rebounds up and creates a top reversal
It's the combination of the top reversal after the climatic down bar that is telling - indicating Smart Money is accumulating but not ready to send it up yet
It will attempt to retake 11900, get rejected, then we're looking at a prolonged accumulation phase and sideways market again
* Please click the LIKE button above if our signals are useful, thank you*