In order to analyze the bitcoin behavior you have to exclude from the equation the FOMO effect (Fear Of Missing Out) which happened on 2017 4Q, it causes an abnormal growth impulsed by the millions of not frecuent users that enter the system just to avoid missing the bitcoin phenomenon. This is off course something to consider but it can be treated as a...
Appears to be backing up a little but still rising
back down for impulse and still rising
This could happen, sideways before rising! A little bit of calm between 6-8 before the rising starts.
Could help in finding next buy & sell moments.
The peak 2017 was related with the rising of new altcoins, if we take it out of the picture for a second we can see a rising behavior.