Prior to 2016 bitcoin halving we have seen chart printing higher bottom each dips with declining volume, it was a good sign of seller exhaustion that lead up to the strong break up where there is a spike of volumes from trader taking profits.
Today we are seeing similarities from 2016 of rising bottom with declining volume with a lot of signals showing bullish...
While past performance is not an good indicator of future, BTC is plotting similar behaviour from 2017. In addition to going short or long within the accumulation channel, it might be also profitable to buy ALTS at the top of the channel and sell at the bottom.
Selling pressure/volume seem to be drying up at current prices and we might move up another level and retest 1st resistance (R1) where there is more volume activities.
There is a chance we might break the current bullish channel down towards previous accumulation zone if bulls are feeling uncomfortable moving forward.