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CivilisedWolf
Aug 12, 2019 10:06 AM

Bitcoin has entered re-accumulation Long

Bitcoin / U.S. dollarBitstamp

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Here is my guess on how bitcoin will move the rest of 2019. I think we have entered re-accumulation / consolidation.

In the previous bull run, somewhere just after the start, we also entered re-accumulation, see my image below:


I think the pattern we are in right now is a bit similiar. So this means no big moves until nov/december, I think the next rally will bring us to atleast 20k. After 20k is tested a support re-test is very likely if we breakout from an ascending triangle.

Anyway, my 2 cents, gl & hf
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