AArmin

AArmin

After breaking down the uprising trend in accumulation channel, supply completely absorbed at 36000. From now if the RSI and volume increase to the prior level, a midline breakout and testing the top of accumulation channel is possible. That is critically important because this top point would be the intersection of down trending channel from 48000 and...

AArmin

I think the next challenge of bitcoin to reach 40,000 is breaking the accumulation channel, meanwhile enjoy buying at bottom and selling on top, looking to volume of transactions.

AArmin

it would be 36,500 and 40,000 BUT watching the volume Hard!

AArmin

increasing volume a bit keep hopes for second rise.

AArmin

In 4H, I predicted the next move of BTC. It has many turning points on it's way to 40200, but in 3 candles it is was succesful predicting and I thought it worth sharing. eager to hear from YOU.

AArmin

less volume and more RSI in 4h and 1D time frame says some ppl are still absorbing the supply, at the bottom of triangle?!

AArmin

Is it a confirmation for finishing downtrend and starting a new accumulation period? RSI indicator and absorbing supply by demand on 34500 below the Head and Shoulder pattern could be two converging signals.