BITCOIN accumulation. Get ready for the next launch!

Quick update on the 1D time-frame. This is an important finding that shows Bitcoin repeating a process which last time we saw it (September 2020) it paved the way for the late 2020/ early 2021 Parabolic Rise.

As you see BTC has been recently consolidating roughly within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). At the same time the RSI is also trading sideways after a strong rebound right above the 30.000 level, while the LMACD is rising on a Bullish Cross after a rebound on the -0.03 level.

Last time those parameters took place all together was in September (and early October) 2020. BTC was again consolidating within the 1D MA50/ 1D MA100 zone, the RSI was also trading sideways while the LMACD was rising after a bounce on -0.03. The only difference is that now the RSI is still below its Lower Highs trend-line of January, while in September it had already crossed above it. Needless to say when that happens, it will be an extremely strong bullish break-out signal. But even now, it is more than obvious that this 1D MA50/100 consolidation is an accumulation process that is seen before major bullish break-outs, same as the October break-out.

So what do you think? Are you ready for a similar pump? Is this consolidation the accumulation process before the next launch? Feel free to share your work and let me know in the comments section!



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