BITCOIN - Why it will go up ! - Market Phase, Trend, Smart Money

3 Jun 2020

Hello Traders!

Today I got a new Bitcoin Analysis for you. I will go through several confirmation why I see Bitcoin going up. Also we will have a look what Smart Money (Banks and Financial Institution) have done with Bitcoin the last days. Let's start.

Structure:
First I will start with the structure. We can see that Bitcoin is moving between this two Trend Lines since June 2019. Now Bitcoin is at the top of the Trend Line. I am expecting the price to break out here. Why? -> Market Phase

Market Phase:
What are the steps of the market phase?
1) Accumulation Phase - Smart money, experienced traders and institution join the market
2) Re-Accumulation Phase - Here, more and more investors are joining the trend and ensuring higher prices.
3) Distribution - Is the origin and the initial phase of a bear market, at this stage, the market is often overbought

Well, we are pushing higher from the Accumulation Phase. Also we have seen a nice Compression which is typical UP or DOWN Trend. This is a an additional Confirmation.
Now we are at the Re-Accumulation Phase and I am expecting the Price to go up to the Distribution Phase.

Smart Money:
For all who are following Bitcoin they have seen some massive movements the last days. Price moved rapidly up and down. Because of the Halving a lot of traders/investors joined the bull market and smart money have seen that liquidity in the market and they trapped all the Retail Traders. First they hunted all the Stop Loss because they dropped the price. Traders and Investors were anxious and confused by this drop. Then they shorted Bitcoin. Afterwards again a push to the upside. Crazy Manipulation here.
But we as Supply Demand Trader could spot there a nice Demand Zone and price immediately went up from there. So know your zones in order to not get trapped by Smart Money.

What can we expect:
Now I am expecting the price to go up and to break that Resistance Zone. My target is the Resistance Line at the Distribution Phase.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.