Re-Accumulation is almost Over!
Updated
This presentation is for informational and educational purposes only; it should not be construed as investment advice of any kind.
As mentioned in previous post, We expected prices to jump after the absorption of supply. We achieved our first and second targets (+31.5% , +50%); perhaps we may now move towards achieving the third target.
Re-accumulation process is nearly complete, maybe we are at the last stage before prices rise again as we have the rate of which short-term holders have been selling has decreased, while the rate that long-term holders are buying has increased.
We still need to see a bullish reversal candle to confirm entry; If this does not happen and the prices continue to go down, the trade will be considered invalidated.
So Are we about to “Jump the Creek” ?
As mentioned in previous post, We expected prices to jump after the absorption of supply. We achieved our first and second targets (+31.5% , +50%); perhaps we may now move towards achieving the third target.
Re-accumulation process is nearly complete, maybe we are at the last stage before prices rise again as we have the rate of which short-term holders have been selling has decreased, while the rate that long-term holders are buying has increased.
We still need to see a bullish reversal candle to confirm entry; If this does not happen and the prices continue to go down, the trade will be considered invalidated.
So Are we about to “Jump the Creek” ?
Trade closed: target reached
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