Long
More Spoons (Buyers) Able to Dip In at the Bottom of the Bowl
Most bear whales found out the hard way January 12 - 14, 2015 it is hard to buy back more coin with a low price of $160 to $200. This low price level allowed more buyers to compete against bull whales and bear whales trying to accumulate more coin. Prices at these present levels (220 to 240) opens the door for many would be buyers who would compete with whales for more cheap coin. This means it would be foolish for bear whales to dump further, only to give away more coin on the cheap side and not being able to accumulate more coin because of having to compete with more buyers at lower prices.
Bear whales have found "resistance" at lower price levels ($160 to $200). I feel bear whales are about to become more bullish for a while to accumulate more coin on a bull run up to a little over $300. It could go as high as $330 to avoid competition at lower price levels of $160 to $220.
Whales will begin the initial bull run very aggressively to avoid competing for coin as much on the way up. Others will buy in on this run up as well until we find a price level that bear whales deem appropriate for dumping to another price level above more competition. This is why I have the future tracking of price go down to $245 over time. However, I have the price coming back up afterwards to avoid more competition at lower levels.
Feel free to add any thoughts and/or charts to the thread.
Regards,
David
Bear whales have found "resistance" at lower price levels ($160 to $200). I feel bear whales are about to become more bullish for a while to accumulate more coin on a bull run up to a little over $300. It could go as high as $330 to avoid competition at lower price levels of $160 to $220.
Whales will begin the initial bull run very aggressively to avoid competing for coin as much on the way up. Others will buy in on this run up as well until we find a price level that bear whales deem appropriate for dumping to another price level above more competition. This is why I have the future tracking of price go down to $245 over time. However, I have the price coming back up afterwards to avoid more competition at lower levels.
Feel free to add any thoughts and/or charts to the thread.
Regards,
David
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