The_Rational_Investor

BTC Distribution or Accumulation?

Short
BITFINEX:BTCUSD   Bitcoin
Holy Moley ... BTC never ceases to surprise ...

so it went back to kiss the previous downtrend upper band before taking a sharp turn down.

Think its going to touch 18k again !! ..

Simplest trend analysis shows its on its way down. Other Chart analysis with technical indicators and chart patterns still indicate a sharp decline is still on the cards. The distribution was done, and its on its way down again. My target for accumulation to start - way down than where it is now !

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