This is a simple TA on WTC
it broke out of the downtrend, now the box is the area of the consolidation and the accumulation for now. further big movements of btc can cause it to go lower but what we want to see now is growing volume to confirm the accumulation period. also will be interesting to see for the end of accumulation phase a break out to 0.5 fib and then a throwback to the swing high of accumulation period 0.61 fib. that will be the best sign of the end of this phase and markup.
it broke out of the downtrend, now the box is the area of the consolidation and the accumulation for now. further big movements of btc can cause it to go lower but what we want to see now is growing volume to confirm the accumulation period. also will be interesting to see for the end of accumulation phase a break out to 0.5 fib and then a throwback to the swing high of accumulation period 0.61 fib. that will be the best sign of the end of this phase and markup.