Textbook Accumulation

Updated

Longs increasing,shorts decreasing. This triangle will break up , textbook accumulation.

Shorts are closing so quickly I am mind blown there is no price reaction. Whales are doing their thing.

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I know I posted the same idea the other day. But this triangle is way too beautiful to ignore. It's structure should be shared! Ripple and eth did some huge triangles like this b4 big breaks

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SOMEONE IS CLOSING AN INSANE AMOUNT OF SHORTS AND TRYING TO COVER IT UP

the way the ratio between longs and shorts keeps thundering upwards is simply amazing.

I'm very interested to see what this means. Some very basic analysis of the shorts chart makes me believe mr.whale entered around 9,500-11,500 and he's been closing since 4600.

Longs are increasing but they aren't moving like the shorts are....
This to me could be some indication that the whale must first close his shorts before again building his long positions. If the crash from this past year is any indication they'll start loading up long on the next deep pull-back.

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Funny how similar the ripple fractal is to this breakout achieved

WhaleWatchersTrading

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