BTC is at a very critical point : the top of the triangle.
Right now it is struggling a bit to stay above it and we still haven't seen a significant increase in volume.
I believe this move is very important as it will confirm or deny the Wyckoff accumulation (link below) and other patterns (also link below) that indicate the market will move higher.
We want to see a close above the trend line on the 4H chart and also want to see BTCD break below 42.1 (if BTCD goes down BTC goes up).
Any questions?
Good luck traders
Remember not to break your rules
Habib
Right now it is struggling a bit to stay above it and we still haven't seen a significant increase in volume.
I believe this move is very important as it will confirm or deny the Wyckoff accumulation (link below) and other patterns (also link below) that indicate the market will move higher.
We want to see a close above the trend line on the 4H chart and also want to see BTCD break below 42.1 (if BTCD goes down BTC goes up).
Any questions?
Good luck traders
Remember not to break your rules
Habib
