Note how well BTCUSD set up an 8-day range and then launched out to confirm the short term accumulation.
Since the peak in January, BTCUSD is sliding back down to retest the mode of the accumulation at the lows and it held the first time. See green arrows. Note also how even the volume distribution is here on the right side of the graph.
If BTCUSD can hold completely under 226 for an entire session, it sets up a sell signal for 8 days and a potential test of the lows in that time frame.
Keep posted!
Tim 1:55PM EST
Since the peak in January, BTCUSD is sliding back down to retest the mode of the accumulation at the lows and it held the first time. See green arrows. Note also how even the volume distribution is here on the right side of the graph.
If BTCUSD can hold completely under 226 for an entire session, it sets up a sell signal for 8 days and a potential test of the lows in that time frame.
Keep posted!
Tim 1:55PM EST
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