The daily chart shows that we've been simply consolidating since the high made in June... This consolidation is like the coiling of a spring, and once the spring is ready it will breakout in dramatic fashion. Decline volume is also something you want to see in continuation patterns, and then looking at the momentum indicators, I see greener pastures ahead. So once this continuation pattern plays out and all the supply has been absorbed, IMO $BTC will break to the upside rather than the downside, and until the market creates a lower low I'm going to be buying the dips
On the lower time frames $BTC was able to break out of the descending channel and is now grinding away at the supply on it's way to test 12k.
On the lower time frames $BTC was able to break out of the descending channel and is now grinding away at the supply on it's way to test 12k.
Watch the breakout