If you apply Accumulation and Distribution (developed by Mark Chaikin, price with volume) with moving averages you will see that on all major time frames BTC accumulation is only increasing. Just sheer volume is driving BTC up.
Price is in bull market - above yearly central and monthly pivot ranges.
Monthly S4 is May roof - above that breakout zone targeting R5
Yearly S4 is 2020 roof - above that breakout zone targeting R5
Areas btw R3 and R4 are a resistance zones (monthly, yearly).
This is no trading advise. Just my opinion.
For educational purposes only.
Price is in bull market - above yearly central and monthly pivot ranges.
Monthly S4 is May roof - above that breakout zone targeting R5
Yearly S4 is 2020 roof - above that breakout zone targeting R5
Areas btw R3 and R4 are a resistance zones (monthly, yearly).
This is no trading advise. Just my opinion.
For educational purposes only.
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