Bitcoin small TF accumulation + levels

29 feb 2020

Bitcoin easing off after an attempt to break through key monthly level at 10500. Price action is showing an accumulation pattern that's developing in Bitcoin on 30min. As of now it's range bound between the 2 red lines and needs to break and close above the yellow dashed line to start forming any meaningful uptrend. My expectation is that any bounce will meet resistance at the dashed line levels to the upside. I also noted some significant daily/weekly levels to the downside that are also good zones for re-accumulation to happen.

I did not publish bitcoin chart at the time but this move was expected and published by me using ETHUSD