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BTC: Potential $18150 to $18550 During Current Upward Pressure

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BITSTAMP:BTCUSD   Bitcoin
Hi Everyone! We have increased odds of running up to or near $18,150 to $18,550 for the Near Term. Let's not assume just yet we are in Phase B of Accumulation. Let's see where we fall back down to after this move up before we begin drawing conclusions about whether or not we are in Accumulation. This "could" be a Last Point of Supply event in Phase E of Distribution before legging down again with another Sign of Weakness in Phase E of Distribution.

Hope this is helpful.

Happy Trading and Stay Awesome!

David

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