BTC/USD: Accumulation?

Bitcoin is something I have stated before having an interest in and that of course continues, but trying to understand trading it is tough. The market is so volatile and thus there is huge opportunity but of course huge risk. I feel I stand more of an investor for this market, my trading skills no where near up to scratch to play this game!
But anyway, I thought I would have a look at what is going on, not saying I will enter but just looking at where short term the BTC/USD market is moving towards. I am loving the horizontals atm, as they are just so useful when comprehending where potential resistance regions are within the market.

The sentiment online is continuing to be quite bearish with a number of people highlighting the lack of breakouts to either fall below the 3k or above the 5k in the recent weeks. This I believe shows that the market is quite flat and thus maybe big cheeses are beginning to accumulate as the market continues to hold within in the 3550-3650 region. I think I may actually enter some long-term positions here because anything under 4k from what I hear and what gains have been seen in the past show the potential returns are pretty insane.

Peace.


TradingView, 2019.