BitcoinUpdated BTCUSD...beginning of the Bull season?
Hello everyone,
Still learning
Stay simple and look at the big pictures is what is being adviced. So...
Looking back a a higher time frame, BTC has a long period of accumulation but we can see that the selling volume, as well as the HA candles, come to an exhaustion.
I would also like to point to this idea showing that there would be way less selling pressure:
Also, the weekly MACD did a small rebound and looks like it wants to cross:
.
It looks like this was the bottom and that BTC price will consolidate and/or go up
Any feed back is appreciated
Still learning
Stay simple and look at the big pictures is what is being adviced. So...
Looking back a a higher time frame, BTC has a long period of accumulation but we can see that the selling volume, as well as the HA candles, come to an exhaustion.
I would also like to point to this idea showing that there would be way less selling pressure:
Also, the weekly MACD did a small rebound and looks like it wants to cross:
It looks like this was the bottom and that BTC price will consolidate and/or go up
Any feed back is appreciated
Trade active
Selling volume is at its lowest since 2015
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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.