BTC is my favorite market to analyze and I feel that I understand it better than any other market. That being said this BTC run is not sustainable in my mind. BTC whales hae periods of evident accumulation before large price movements. In my opinion there has not been enough of an accumulation for this run to be the moonshot. In my opinion this is a small part of a larger accumulation process that is about to begin. Green lines are my expected range for accumulation.
A little TA:
BTCCNY is completing AB=CD at 7550 this is also a point of strong resistance.
Not a trade idea or anything just useful for understanding
A little TA:
BTCCNY is completing AB=CD at 7550 this is also a point of strong resistance.
Not a trade idea or anything just useful for understanding
Comment:
my bet is we will dump tonight
RISING WEDGE AT SIGNIFICANT RESISTANCE = FAT TRADING OPPURTUNIty