There is High Level of Uncertainty Right Now
This analysis was developed using marketprofile to sort data.
What happened in previous five week:
Week 25: aggressive buying triggered by late majority entrance into the market.
Week 26: Late majority together with Laggards pushed the price to an excess high at the major resistance around $14000. The exact...
Bitcoin is just correcting its very long inventory. No need to worry for longer-term holders! It is just substituting weak-hand longs for stronger ones!
This analysis was developed using #marketprofile to sort data.
What happened in previous four week:
Week 25: aggressive buying triggered by late majority entrance into the market.
Week 26: Late majority...
Bitcoin is just correcting its very long inventory. No need to worry for longer-term holders! It is just substituting weak-hand longs for stronger ones!
Based on profiles from week 25 to week 27 of 2019, we've had an aggressive buying by short term traders which is very evident in week 25.
In week 26, we got an excess high due to high liquidation by these day...
