Bitcoin Reaccumulation Complete, Onward to next Target: $6,800
5/3/19
Update to the Feb 24 Post. We can now say that Jan 29 was the spring, AND there was a major sign put in. We are now in the markup phase of the accumulation, and we see a clearly defined trend channel, which is often the case. Target marked above at 6800, which coincides with a high wick from Oct 15, 2018.
I view the recent consolidation in April as a stepping stone reaccumulation, and it has generated a target to match the original 6800 count.
Update to the Feb 24 Post. We can now say that Jan 29 was the spring, AND there was a major sign put in. We are now in the markup phase of the accumulation, and we see a clearly defined trend channel, which is often the case. Target marked above at 6800, which coincides with a high wick from Oct 15, 2018.
I view the recent consolidation in April as a stepping stone reaccumulation, and it has generated a target to match the original 6800 count.