BTC in heavy accumulation
As you may have noticed:
1. At the break out on low time frame, big hands pushed Bitcoin price down until the sell volume is large enough for them to shove more into their bag.
2. Now as the trading volume is high, that a sign for a possible local bottom
3. Deposit to exchanges also higher than ever, but on the contrary, sell volume is not as much as deposited volume.
Now my interpretation is that, as bad as a break-down + price crossed the bottom of the weekly Darvas box's, we have another larger breakout point ahead, ad much lower price, so there's a big chance for huge upside to 52k and 75k in the horizon.
My previous interpretation on the low time frame, you can check the idea page in my profile section
April 10, 2022
BTC is still above long term trend since 2020
In low time frame we can expect either a boost direct to 52k or a quick draw back to 36-38k and up.
Long term expectation is 180k
1. At the break out on low time frame, big hands pushed Bitcoin price down until the sell volume is large enough for them to shove more into their bag.
2. Now as the trading volume is high, that a sign for a possible local bottom
3. Deposit to exchanges also higher than ever, but on the contrary, sell volume is not as much as deposited volume.
Now my interpretation is that, as bad as a break-down + price crossed the bottom of the weekly Darvas box's, we have another larger breakout point ahead, ad much lower price, so there's a big chance for huge upside to 52k and 75k in the horizon.
My previous interpretation on the low time frame, you can check the idea page in my profile section
April 10, 2022
BTC is still above long term trend since 2020
In low time frame we can expect either a boost direct to 52k or a quick draw back to 36-38k and up.
Long term expectation is 180k
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.