Comparing a previous Bitcoin pattern back from 2011 to today's Total Cap.
Note
Chart highlighting times where price decreased but longs increased (# of longs is the blue line). These times were followed by times of flat price movement for a period of time. Believe we maybe coming to another period of flat price movement. If it follows the chart above it would be considered an accumulation phase. Note
Throwing in the Volume indicator... Note
Throwing in a percentage drop indicator too (not exact, just eyeballing it real quick) Note
possible break to the upside soon? Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.