BTC indicating a possible advance?

2018年2月25日

BTC still is in the major downtrend but bottom should be found around 6000. Implementing Bollinger Bands, a pattern emerge with a high volatility indicated by the areas. These short term declines all seem to last about 4d and 10h on average. The volatility has declined! Also, looking at the price oscillator, the oversold ratio seems to level off. Rather we see a push from the buyer side. The only problem: the buyers don't have the momentum to push BTC out of the current trend indicated by the green area. We should soon reach the distribution phase soon before hitting another advance breaking through the upper channel line.