BTC might be repeating its history after breaking the downtrend

٢ أبريل ٢٠١٩

Breaking the downtrend channel might lead to massive selling afterwards.

٢ أبريل ٢٠١٩

ملاحظة

be cautious since the weekly candle is far from closing. it does still needs another 5-6 days to close the candle. in another case, it might be a bull trap as seen in previous downtrend break

٣ أبريل ٢٠١٩

ملاحظة

Since 2014's bull break was made in a short period of time, it took almost 2 years in distribution phase. While 2017's bull break took longer than the previous bull break, it appears that distribution phase went shorter this time.