The main question is whether Bitcoin is within the accumulation or redistribution range?
I think we are in redistribution.
If we assume that we were dealing with the structure of accumulation, we should be in the phase D or E
, but I think there are some mistakes with the accumulation structure, which I showed in the chart.
On the other hand, BTC crossed the downtrend channel .
We have to wait and see if Bitcoin will be able to break up the significant resistance it is currently facing or not.
I think we are in redistribution.
If we assume that we were dealing with the structure of accumulation, we should be in the phase D or E
, but I think there are some mistakes with the accumulation structure, which I showed in the chart.
On the other hand, BTC crossed the downtrend channel .
We have to wait and see if Bitcoin will be able to break up the significant resistance it is currently facing or not.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.