BTC going accumulation?

Hi traders,

First of all, I published an idea 11 days ago. My expectation didnt happen. Yet, we did good profit. You may see it at https://www.tradingview.com/chart/BTCUSDT/LYOt4iWe-A-daily-perspective-of-BTC/

I've drawn critical areas with red color. We have broken out the first down trend line. Based on fixed range volume profile, you see where the price has been accumulated. So, there is a gap in accumulation. At that point, my expectation is that BTC will be accumulating in the yellow area in order to fill the gap. And then tries to break out the major downtrend line.



This is the weekly period of BTC over long period of time. Based on my analysis, in every bullish season BTC have had, the weekly RSI has been above the yellow area.

In my opinion, If the price accumulates at the yellow area in the chart, and hence, the weekly RSI will go into that area. If the weekly rsi goes above the yellow area until the price hits the downtrend, I'll expect that the trend line will be broken out. Otherwise, I'll be ready for shorting.

Note: although the breakout of the minor downtrend happened with relatively high volume over last 4-5 days' volume, It does not suffice to be able to say that I am bullish.

Stay safe traders ^^