After about 2 month accumulation, btc breaks 7900 and goes to 8500. It shouldn't happen that preparing for nearly two month but just goes up 30%. At least it should goes to about 10000.
What is happening now? We see double peak at about 8500, usually it means the up trend is ended. But here, the distribution in the second peak is much smaller than the first one, so we know the sell press is very small, and it is going to break the down channel and open the up channel.
What is happening now? We see double peak at about 8500, usually it means the up trend is ended. But here, the distribution in the second peak is much smaller than the first one, so we know the sell press is very small, and it is going to break the down channel and open the up channel.