Augu3st

epic consolidation?

BINANCE:BTCUSDT   Bitcoin / TetherUS
We ate up so much of the candle on the weekly after we dumped to historic trend line.. People want btc. Held strong support on that weekly candle body.... This whole slow movement upwards just makes me think whales are accumulating more coins but seeing lower lows after testing resistance on the trend line 8 times makes me think we very well could break down... Although, whos been selling the last month?? People seem to just want more btc not to sell it... Impending golden cross on 50 may actually send us to close gap at 11.2k just to dump on everyone and start a healthy trend into new start of a 4 year market cycle... just my thoughts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.