three reason to be bearish.
1. when moving up. the volume is diminishing. when moving down, the supply is increasing.
2. the right top failed to close higher than the highest point of left top
2. the second down wave is larger than first wave, meaning supply is increasing.
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,...