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Bitcoin & Summer Solstice

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Happy Summer Solstice!

Regardless of time scale, 1Week or 1Hour charts, markets are continually compressing and releasing. We see this in price charts with accumulation or distribution releasing in to bullish or bearish trends.

Summer Solstice is a time of year that tends to to be near the edges of price compression before entering a trend. If BTCUSD price is stable then the market is ripe for altcoin rallies. Wait for a break of the compression range to begin trend trading BTC.

Disclosure. The author owns BTC.

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