BTC/USD - Normal Bullish Price Movements (Month)

Normal Bullish Movements -- Powerful increase of price supported by volume over last 11 months. Decline of price on significantly lower volume starting January 2018. Flagpole --> Bull Flag.
Touch of S3 level ($8500)on Camarilla pivot, this is the reversal level assuming trend stays bullish (decrease on lower volume). This is normal basing. MACD is still expanding as well.

Jan 2018 volume was 1/8th the volume of December alone; watching how the volume behaves in February will guide whether S3 will hold.

In other words: The decrease in price is not supported by volume; not much selling going on relatively speaking.
BTCUSDBullish PatternsCamarilla Pivot PointsChart PatternsTechnical IndicatorsMonthly ChartsTrend Analysis

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