BTC might be repeating its history after breaking the downtrend
已更新
Breaking the downtrend channel might lead to massive selling afterwards.
注释
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注释
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.
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