Whales Are Buying; Bitcoin Remains in Accumulation

29 Jun 2020

As I've stated in previous posts, we're in accumulation for bitcoin. I just noticed something in the chart that I think is very interesting. Looking at the weekly chart we see a potential double doji pattern. Double doji is seen as a state of extreme indecision in the market. The best way to trade a double doji pattern is to zoom in on lower timeframes to identify which is the stronger force, the bulls or the bears. You can do that simply by looking at the wick lengths on a lower timeframe. I am still targeting 9330 area but will wait to short here until I am able to get strong confirmation. I suspect this price action could take us to the extreme high i mentioned before of 9675 or higher. Filing under "long" because I believe we're going higher before the big crash.