Bitcoin could be positioning after 10 days of accumulation
Hello all,
After 10 days of accumulation with more accumulation of long strong hands each day. Bitcoin could be positioning.
Bitcoin could have ended the correction of the previous segment as it made a bullish break out of the accumulation zone two days ago.
Also, the Konkorde indicator (Below) has made a bullish turn above its average, and the strong and weak hands are above average as well.
A first target could be the Fibonacci 61,8% of the correction. And a second target could be the previous ceiling, but do not forget that we are analysing daily candles, so it is necessary to always have the confirmation of the long volume. (Above indicator)
Have a good trading
OneTrade
After 10 days of accumulation with more accumulation of long strong hands each day. Bitcoin could be positioning.
Bitcoin could have ended the correction of the previous segment as it made a bullish break out of the accumulation zone two days ago.
Also, the Konkorde indicator (Below) has made a bullish turn above its average, and the strong and weak hands are above average as well.
A first target could be the Fibonacci 61,8% of the correction. And a second target could be the previous ceiling, but do not forget that we are analysing daily candles, so it is necessary to always have the confirmation of the long volume. (Above indicator)
Have a good trading
OneTrade
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.