FibonacciTheGreat

BITCOIN ACCUMULATION | UPDATE

Short
COINBASE:BTCUSD   Bitcoin
It's time for an update I think!
Not long ago I made a chart about the accumulation phase of Bitcoin .
I expected a higher high, and then a drop with a few small upmoves, but a clear downside pattern.
Well, we definitely saw up movement. But we didn't made a higher high. So that was something I didn't expect, but which is okay. ( BTC /EUR made a higher high tho, but ok)
But after the pump, we went down. As I expected we saw again a small upmove, and then down again, then a small upmove yesterday, and now i think its time to go fully down.

Fully down means to the 33k range. I would expect a lower low, but you never know haha.
Lets see!

I'm curious what u guys think!
Let me know!
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.