I made this analysis of Accumulation and Distribution ranges on Bitcoin.
On the current level we can clearly see its forming a range which can work as Distribution and go down at least a key level bellow as we can see on the horizontal lines.
Or it can make a spring bellow the range and push up to a new level above new all time highs.
The question is: We are now in a Distribution or Accumulation Range?
What are your opinions?
On the current level we can clearly see its forming a range which can work as Distribution and go down at least a key level bellow as we can see on the horizontal lines.
Or it can make a spring bellow the range and push up to a new level above new all time highs.
The question is: We are now in a Distribution or Accumulation Range?
What are your opinions?