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RE: $BCN/BTC Poloniex Technical Analysis Sept 16, 2016.
COMMENT
The volume started picking up since the start of 2016, mostly on the buys, leaving the impression of an heavy accumulation zone and possible uptrend in the near future. I still see possibility the price dropping into a downtrend making a new local low between 3 and 4 satoshi but i think the chance of that happening is a bare minimum. I'd expect the price to either go down for 1 more accumulation wave(purple), or the option i'd probably lean towards more, a soon break of the accumulation zone upwards(light blue) and a more aggressive uptrend.