What's up with the market in these past few days?
Bitcoin is on $6,700 at the moment, I am not hoping that this would be the start of bull run, is there something going on or announcement why bitcoin price is up?
There is a good chance that bitcoin will continue to be the market stage in which we are currently allowed, in fact the accumulation stage may have access to prices up to 9K, according to Wyckoff's theory the framework that can be arranged can go from $ 6K to $ 9K, this stage of accumulation in bitcoin is clearly framed.
The market can be dyed green, but you have to be careful, because Strong Hands often make these movements to verify how the offer is at those levels, they also do it to take profits, that is, they raise the price and everyone else traders begin to follow with massive purchases, and while others buy they are selling, it is a strategy for the price of bitcoin is bombarded upwards and thus obtain information that lets them know that so much demand and supply can be found, can not be rule out a possible bullish trap, because for days the market has been rising and has not made any correction yet.