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Arcnoah
Apr 30, 2018 6:01 PM

Bitcoin next targets & Accumulation? Long

Bitcoin / DollarBitfinex

Description

Bitcoin is still following my previous chart nicely.

It has been in this upwards channel for the past 3 weeks. Until this channel is broken downwards I don't see any problems for the bulls.

I noticed the selling volume (after breaking minor supports, mostly in huge sellspikes) being bought up straight away by big players. And if theres no selling volume bitcoin slowly creeps up in price. That is why I think Bitcoin is still in a likely accumulation phase. My next target is towards 10500$ before retracing a bit (lower high @11700$).
Comments
zerr0ne
Wouldn't your wave 3 of the upmove be the shortest?
Arcnoah
Thoughts and feedback always welcome. Have a good (trading)day!
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