Last week, I posted the analysis of bitcoin price trend and predicted there will be a waterfall. Well, it happened this week. So what will happen next?
First, you can notice that the lowest price of each wave is actually getting higher. This means that there is strong support at the bottom and the price is gradually lifted during the last one and a half month,...
If you look at bitcoin price moving during the last month, you will find it easy to recognize that the trending is a rising trend matching Wyckoff pattern. There are 3 phases included in this market trend: drop, callback(not back blending sorry :)), and second verification, and also you can see during the second verification the volume is not extending but...
