Large degree accumulation on ETC, Effect will be huge
Taking a look at the price of ETC on the weekly.
and my god.
does it look like we are going to have a flat (few years?) after which our markup will be IMMENSE.
reason why?
Cause and effect.
Larger the cause, larger the effect.
Wyckoff suggests that accumulation and distribution are cause zones, and mark up and marke down are the effects.
Say ETC accumulates for a year, the markup on ETC will be huge.
Now's not the time to buy.
Time to buy is when ETC really falls down to like
0.0013 - 0.0016
We will likely bounce between the 2 support and 2 resistance lines (2nd resistnace line might not have even been formed yet, I don't spot an ST that usually occurs in Phase B - although 0.002 might be it)
I'm happy to wait a few months to see what ETC wants to do.
But for now, take a look at the magnificence of the setup we are currently playing out. (almost 10 months since we had our first sign of PSY)
The markup will be immense. This accumulation might take a few years to play out, i definitely want to be there to catch the rocket up.
and my god.
does it look like we are going to have a flat (few years?) after which our markup will be IMMENSE.
reason why?
Cause and effect.
Larger the cause, larger the effect.
Wyckoff suggests that accumulation and distribution are cause zones, and mark up and marke down are the effects.
Say ETC accumulates for a year, the markup on ETC will be huge.
Now's not the time to buy.
Time to buy is when ETC really falls down to like
0.0013 - 0.0016
We will likely bounce between the 2 support and 2 resistance lines (2nd resistnace line might not have even been formed yet, I don't spot an ST that usually occurs in Phase B - although 0.002 might be it)
I'm happy to wait a few months to see what ETC wants to do.
But for now, take a look at the magnificence of the setup we are currently playing out. (almost 10 months since we had our first sign of PSY)
The markup will be immense. This accumulation might take a few years to play out, i definitely want to be there to catch the rocket up.
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