BTC Distribution

8 May 2018

Expect stronger support at the fibonacci levels and at the SOW's (purple lines), wait for the retracements to enter a short.

Most likely area for a bullish reversal is at $7000 - $6800

11 May 2018

İşlem aktif

Sell volume is declining - which is bullish, but it looks rather like a retracement than a bounce to me.

26 May 2018

İşlem kapandı: hedefe ulaştı

We can see an ascending triangle forming
and also considering the declining sell volume on the weekly
gives us a hint that we are close to the bottom.

I will wait for a breakout in either direction but I think that bears are getting more and more exhausted which gives bulls an opportunity to take control