Bearish re-accumulation case for bitcoin
Just throwing this out there.... I am currently very bullish as long as bitcoin stays closed on weekly candles above 21 EMA around $9k.
However, To stay neutral and open, I have to accept we maybe undergoing a very macro re-accumulation and all it will take is one very large operator to manipulate the very small float of bitcoin to stay within a very large re-accumulation range of say ~$4k to $14k.
However, To stay neutral and open, I have to accept we maybe undergoing a very macro re-accumulation and all it will take is one very large operator to manipulate the very small float of bitcoin to stay within a very large re-accumulation range of say ~$4k to $14k.
Trade ist aktiv:
Long until we close weekly below 21 EMA currently around $9k. Also this chart above ONLY works with monthly candlesticks as it's a very macro accumulation case and goes out into 2020 pennant pattern.