GreyPool

Re-Accumulation in BTC is a Precursor to a Strong Rally

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
What looks like distribution in the last two weeks is actually re-accumulation and the spike down in volatility is another clue.

Historically, in real distribution ranges/phases a spike down in volatility occurs on the up swings, in this case the drop in volatility is happening in the down swing of the range, a big clue this is not distribution.

And not just that but when volatility spikes down like that it’s almost alwasys a precursor to a massive move afterwards, I don’t think that move will be down, but even if it is, price will rebound strongly afterwards.

GreyPool.io

Try our automated trading strategies at: greypool.io
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.