What doesn't make sense to me is that during this range of almost 2 months, there was clear accumulation throughout the range as shown via OBV, however price is diverging?
To my knowledge shorts have been suppressing the price down, and I believe this could be a catalyst to send price. Like a charged and fully loaded spring, its just a matter of time before it bounces.
I will be looking to long the breakout. But first I expect to fill the wick to the downside lol.
To my knowledge shorts have been suppressing the price down, and I believe this could be a catalyst to send price. Like a charged and fully loaded spring, its just a matter of time before it bounces.
I will be looking to long the breakout. But first I expect to fill the wick to the downside lol.
Note
Also any idea why WIF is being fudded? Literally makes no sense to me lol. Suddenly some loud people on twitter decide to take over.Note
3.39 is where I'll probably start looking to long. Seems like whole market is about to break up.Note
Looks like it's not going to fill the wick. lol. Probably shouldnt sleep so I can catch this damn move.Note
Yea I haven't went long yet. Chart doesn't look that convincing yet.Trade active
Just opened a small long position just in case.Note
I'll wait to add to my position.Note
I cut WIF. Don't know what it's going to do.Note
I'll wait till it rejects or what. I'm ok with missing this move up.Note
Will come back in a few days.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.