Bitcoin printing lower timeframe accumulation
Bitcoin Accumulation has been taking place the last 4 days. Prices have been pushed down only to be accumulated at lower price points.
Judging by the PA being printed here we have a higher chance of upside
(I’d say about 70%)
Why is that?
Today on the 4H we could see the start of a new trend here to the upside
It would be a great setup for price action to reject around 10800 with an impulse move from here to those levels.
In a red scenario, we lose the last higher low we printed and continue downwards to 9650 where we can prepare ourselves for an even better long position in bitcoin.
What about altcoins?
BTC dominance is still rising and altcoins are not being given a chance for swing trades yet :) Bitcoin Dominance is still above 69%.