XBTUSD Remains in Accumulation If....
XBT broke the low deviation area of the accumulation range and bounced off the monthly support earlier than anticipated. If XBT daily closes above $9k, it remains in a state of accumulation. Will long the support upon daily closure if this is the case. If unable to maintain $9k, shorting.
Kommentar:
Forgot to mention targets. After a failed Accumulation upon a subsequent reentry of the area low, the target becomes the area high which is around 9340. I will be keeping a close eye on price action. I do believe a great short opportunity is near