Bitcoin (BTC/USD): Volume is showing an accumulation pattern

in steemit •  7 years ago 

Let's analyze Bitcoin with Technical Analysis and Elliot Wave.

Prior analysis:



Let's see how is Bitcoin looking today 8th June

Elliot Wave Count suggests we're at the early stages of a extended wave (3).

Wave (3) will be made up of five waves of a minor degree. Labeled as 1-2-3-4-5.
Currently at wave 2.

Check out the volume pattern

Volume pattern is showing an accumulation pattern. Also speed is increasing (higher slope of the volume trend)

Price pattern is looking like a bullish flag.

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7 years ago by

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      ·  7 years ago (edited)

    Thank you for your Charting

    It has got to Bull sooner or later - this Chart among many says so

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        ·  7 years ago 

      Excellent! Let's see if this Flag activates the bull run
      Steem on!

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