On the chart on the left you can see the price of bitcoin from November 2017 to March 30, 2019.
The very value of the price in this period does not particularly interest us, we are interested in the accumulation of volume.
On December 17, 2017, the vertex was formed. If you look at the chart of the open interest indicator, we can see a sideways movement in which the volume accumulated.
After the top was formed, the price went down sharply and volumes, according to the indicator chart, also began to be distributed.
At the bottom, the volumes accumulated again and in 355 days the volume was equal to 12.769 M.
After this accumulation, a large distribution occurred, after which the price rose upwards for a long time.
Schedule now
If you look at the chart on the right, you can see how the price moves from accumulation to distribution and how the indicator indicates this.
Thanks to the indicator and its lateral movement, it is possible to understand where the zone is formed, after which there will be a sharp movement.
At the moment, the accumulation lasts 144 days and the volume is already 30.187M, which is already more than 2 times more than the accumulation in 2018.
What does this give us? It's too early to talk about a reversal of the downtrend, but already now we can say that the future movement will be grandiose.
Correct way of describing and showing zones! very precise
CoreCrypto1
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Great analysis. Thanks for sharing it.
SpartaBTC
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This is accumulation. Bitcoins are constantly being withdrawn from the exchanges, few are received on the exchanges. The market supply is decreasing. But there was no residual panicky capitulation yet.
SpartaBTC
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@SpartaBTC, There was no such thing as in 2020 03))) Whether it will be or not, time will tell...
MonoCoinSignal
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Keep up the great work
TheNewsCrypto
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Good Effort
Michael_Winner
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Interesting analysis buddy, I like your btc idea !
UnknownUnicorn15614419
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Share your opinion on BTC? And tell me would you like to see such articles more often?