BitcoinLong
big accumulation zone on macro level
hello, if you like this post. please leave a comment or a like. i would appreciate it big time.
my previous post about btc was for a too small of a timeframe. so i think is was mistaking on that one. I think that we are still in accumulation but a very big one. and this is only the beginning.
Accumulation takes a long time before an outbreak starts. This all has to do with te cause and effect on the markets. The big operators have to accumulate so much btc as they can for the best price.
This is for the big guys the perfect time to accumulate because of the world crisis. they will take advantage of it big time.
So for now, a big wick to the 7600-8000 is still possible, but i dont think we are going to get a close on the daily for that level. In the longterm i definitely am a bull on the longterm but i think we
are now on the upperside of the trading range. The trading range is very big because i think after an outbreak in between july and august this accumulation zone will effect an new bullrun.
What you can see on my chart is that we had a big rally upwards. This one was an automatic reaction on selling pressure from the 10k region. What we no want to for accumulation is that we
are making a second attempt to the lows. but if this one fails, so if it stays in or above the 4800-5500 region than the buying pressure is coming in. We can speak than of a macro change of trend.
this means that from that moment on the bulls are in control. So if it is correcting downward its a good thing.
Ik will keep you posted of btc is reacting in the market
my previous post about btc was for a too small of a timeframe. so i think is was mistaking on that one. I think that we are still in accumulation but a very big one. and this is only the beginning.
Accumulation takes a long time before an outbreak starts. This all has to do with te cause and effect on the markets. The big operators have to accumulate so much btc as they can for the best price.
This is for the big guys the perfect time to accumulate because of the world crisis. they will take advantage of it big time.
So for now, a big wick to the 7600-8000 is still possible, but i dont think we are going to get a close on the daily for that level. In the longterm i definitely am a bull on the longterm but i think we
are now on the upperside of the trading range. The trading range is very big because i think after an outbreak in between july and august this accumulation zone will effect an new bullrun.
What you can see on my chart is that we had a big rally upwards. This one was an automatic reaction on selling pressure from the 10k region. What we no want to for accumulation is that we
are making a second attempt to the lows. but if this one fails, so if it stays in or above the 4800-5500 region than the buying pressure is coming in. We can speak than of a macro change of trend.
this means that from that moment on the bulls are in control. So if it is correcting downward its a good thing.
Ik will keep you posted of btc is reacting in the market
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