Descending widening wedge for ETH? I think YESLearned about IPDA recently and I think it's pretty interesting and makes a lot of sense. Interbank price delivery algorithm is what it stands for and it's not my idea but someone recommended it to me and I did my research. It only further confirms what I already suspected, we've entered an accumulation zone and the fear and manipulation is real lol. Don't let them get your bags and or wait for confirmation if you're more risk adverse
Not financial advice, just what I believe is going on
Whalesaccumilating
WHALES ACCUMULATING AT 10K ZONE (buy signal) -Yurlo (please give these visuals a thumbs up if you like the creativity of my mind)
Last night I took a short around 10500, I closed around 10000 & opened a small low leveraged long. It seems to me that whales are clearly accumulating the 10k level because every time we dump below 10k it gets bought up SIGNIFICANTLY & if you haven't noticed the last dump which went below 10k briefly reacted this way as well.
Also, the latest CME gap is at 10620. (another at 9600)
I'll buy the 9650 CME gap if we wick there as well, as well as 9k if we test that zone.
Last night the price action was bearish, not it's looking bullish going into this Saturday.
I'll be building a long position for when we test closer to current CME gap (10620) before looking for a move that will hold below 10k.
Bitcoin doesn't look ready to tap the 9600 CME gap and I'm not going to force a trade or bias, instead I'll join the trend and ride the waves.
Hopefully see you at 11055 & remember: we can still visit 11700 & it still would be considered a lower high and bearish from the "top"
HOWEVER, if that validation point #3 got wiped out by bulls it would be clear 12.5k was NOT the top & whales wanted to enjoy a massive shakeout before continuing.
Apart of being a day trader is NOT BEING MARRIED TO YOUR POSITIONS AND AS YOU CAN CLEARLY SEE I'VE BEEN MAKING MONEY ON BOTH SIDES LIKE A REAL TRADER.
FUCK BEING A BULL OR A BEAR, I'M A DAY TRADER.
END OF STORY.