2026-01-01 21:22:19

BTCS is showing some interesting monthly action. You've got clean breakout impulses riding on super high volume, while the pullbacks and consolidation phases are happening on weak or dropping volume—textbook bullish structure. The pattern is stacking higher highs and higher lows, which tells you the momentum is still pointing up.

Here's the thing though: the 0.382 log Fibonacci level is converging right around the 20-month SMA, creating a solid support zone. Most traders get uncomfortable catching these sharp drawdowns, but honestly, that's when the real opportunities show up. I'm adding to my position here, but keeping it modest for now. Sometimes the vicious dips are where the smart money accumulates.

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DecentralizeMe

· 8h ago

I like this combination of high-volume breakouts with weak pullbacks, which is indeed a textbook-level bullish signal. That 0.382 Fibonacci level pressing near the 20-month moving average... hmm, it sounds like a place where institutions are quietly accumulating.

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ChainMelonWatcher

· 8h ago

Wow, this wave is really a textbook bull market structure, with high trading volume breakout, low trading volume pullback... Just worried that most people won't even get the chance.

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GameFiCritic

· 8h ago

High trading volume breakout followed by a weak volume pullback, this structure is indeed textbook level. But the 0.382 Fibonacci convergence with the 20-month moving average... to be honest, I'm more concerned about whether this support can really hold up.

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TradFiRefugee