thesheepman
Long

Bitcoin 10k accumulation phase.

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Weekly chart shows us huge impulse (3610 - 19800). Main support level is around 6900-7500 area. We have almost hit 0.38fib level and bounced from MA 200. Now we are going to climb near the trend line to 8681-98633 area. Consolidation here. Then correction impulse to 11724-12800 (december's impulse trendline ). After this bitcoin             will be in accumulation phase till ~march-april. First target: 33k area.
Comment: Nice bounce from MA 200, which became a support line, also we have break first resistance lane. If we will not close coming days below 8500, next target is ~9700.
Comment: Just hit main resistance, i think we need to accumulate some power before next try. Going near downtrend.
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