As I have mentioned in my previous idea which got canceled - Bitcoin is currently looking to establish a solid support before making any movement. Good news for the bulls and long holders, Bitcoin is at the edge of entering its demand zone which caused the strong bullish move from 6k to 9k.
I remember you talking about accumulation and wyckoff and spring.
look at the depth chart. data.bitcoinity.org/markets/books/USD shift through the price percentages; just like in an accumulation phase we have small many with all the shorts and big money holding their bags at low prices.
Hi, if we make a turn around at the bottom of your demand zone one could draw a descending triangle like the one below here. Descending triangles with three bottoms is that something you find likely or do you think it would be more likely that the price continues further down then?
look at the depth chart. data.bitcoinity.org/markets/books/USD
shift through the price percentages; just like in an accumulation phase we have small many with all the shorts and big money holding their bags at low prices.