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BTC ACCUMULATION ZONE
ACCUMULATION ZONE
Since last time i posted BTC is roughly up 6 percent. With BTC testing its Resistance level i have set on 6781 it has tested 7 times within the last 3 days. Also it has been bouncing off the support line i have drawn on 6464. To further back up my claim if you look at the light red wedge i have drawn whenever it breaks below the wedge we seem to gain a small dip and then bounce back even harder.The large dip we saw from 6900 to 6464 in my OPINION was a scare from the whales for us to sell. These are my thoughts and ideas i concluded from Technical analysis.
I am not a financial advisory. These are just my thoughts and conclusions!
Since last time i posted BTC is roughly up 6 percent. With BTC testing its Resistance level i have set on 6781 it has tested 7 times within the last 3 days. Also it has been bouncing off the support line i have drawn on 6464. To further back up my claim if you look at the light red wedge i have drawn whenever it breaks below the wedge we seem to gain a small dip and then bounce back even harder.The large dip we saw from 6900 to 6464 in my OPINION was a scare from the whales for us to sell. These are my thoughts and ideas i concluded from Technical analysis.
I am not a financial advisory. These are just my thoughts and conclusions!
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