已更新

Is Bitcoin accumulating before Mooning?

Now we can affirm that there is a flat on the market , so only after exit from this channel I can make suggestions about next price movement . Price is going from support to resistance of the channel , I guess price will go to 12k after breaking 9300 but if bitcoin wont find power to do it I wait a correction to 8300 and then 7800. I noticed that volume is decreasing and it is not good sign for bulls , we may see extra volume decrease and then the beginning of its growth and simultaneously the beginning of uptrend like it was before in 2014 , but we can see it either inside the channel or below it .Of course the flat is good for us and the durability of accumulation will influence on the durability of growth .The previous accumulation in 2015 was about 1 year and owing to it the growth was amazing. During the correction in 2014 volume was also decreasing to extra minimum and after that was big volume spike which meant the culmination of sells and the beginning of the uptrend . We can see smth similar to the previous situation because the histore repeats .It is only my view , I dont recommend to trade my analysis.

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Seems it is false breakdown , possibly will go to 8300

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We still above 9000-92000 it is good sign for bulls

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We are trading on resistance line for some days , it is small accumuation , so the next big move will define our way of trading either 9300-12000 or 6600 - 9300.

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