BTC might be repeating its history after breaking the downtrend

2. Apr. 2019

Breaking the downtrend channel might lead to massive selling afterwards.

2. Apr. 2019

Anmerkung

be cautious since the weekly candle is far from closing. it does still needs another 5-6 days to close the candle. in another case, it might be a bull trap as seen in previous downtrend break

3. Apr. 2019

Anmerkung

Since 2014's bull break was made in a short period of time, it took almost 2 years in distribution phase. While 2017's bull break took longer than the previous bull break, it appears that distribution phase went shorter this time.