er4x9

er4x9

Following the previous discussion, we are in an accumulation area. Our accumulation area seems to be a descending wedge and the price is breaking out of the last quarter.(pink rectangle). The bullish trigger will be the upper limit of the wedge and will be the bear market momentum as long as this line is not broken.

er4x9

Btc is seems to be wyckoff accumulation. Rsi in daily can go down to 34.6 where previouse fall down from 52800 to 39500 occure. Now the price after creating UTsow can create a new price floor in the range of 54 and then go up to hit ATH. This process can take 2 weeks.