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tychelab

BTC distribution or re-accumulation?

Bitcoin (COINBASE:BTCUSD)  
tychelab  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Beyond Technical Analysis BTCUSD btcusdlong btcusdshort
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trendanalysis chartpattern beyondta btcusd btcusdlong btcusdshort
The charts shows two paths for BTC. From here it can follow the either one.

RED one is distribution schematic.
GREEN one is re-accumulation schematic.

Personally I'm leaning towards distribution schematic but if I see some strength around 9100, I'll switch bullish.

Any Price weakness around 10100 will trigger shorts.

Play patiently!

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tychelab
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