Well.. After 76 1 hr bars, better yet 3 1/2 days of being in the air, the bulls are really trying to hold on for this uptrend. While the retail value of Bitcoin is at an average of 7350, there has been a tug of war between the bears and bulls.. A new month candle has just begun and the bulls opened this month with a upmove.. But there is a lot of heavy resistance...
Bitcoin is in trouble with the bears overall. While many has enjoyed the buy up. many will suffer from holding. Facebook took a 120B (Billion Dollar) loss market cap last month. All time loss in the stock market history. With saying that, please do not expect a bull run closing out 2018 from Bitcoin. Sell it all.
Personally, i don't see any signs of a reversal yet (unless we continue this bounce above 10k). Big accumulation zone is highlighted in the rectangle. The lower green trend line is a long term upward trend line that was established prior to the recent parabolic move. A correction to this level should signify a big buying, and should be enough to push us up and...
