BTC Binary CDD (21d) indicates local distribution

BTC-Binary-CDD-21d-indicates-local-distribution

Binary CDD (21d) marked 3 main points of local accumulation along the trend: March 15, March 31, and April 12. After that, on April 20, the local distribution of Bitcoin began.

Despite the distribution, Bitcoin is still moving within a local uptrend, but at the same time, the danger of falling to $24,500-25,000 remains within the bearish H&S pattern.

Additionally, some investors in this period are beginning to adopt a "Sell in May and Go Away" approach and usually return to the market around October. 

But as recently as @JA_Maartun did a study and concluded that this approach is most likely not applicable to Bitcoin since, in 7 cases, Bitcoin rose in May, and in 5 cases, it fell in price. So, the departure of some investors may create some potential for bullish outbursts!