The price moves interestingly,
seems like it has trouble continuing a bullish movement right now - the price entered an equilibrium, in my opinion, it's a reaccumulation that will break strongly upward
I will break the stages down
1. SC - AR - ST - Small Correction:
Those created and completed Phase A - Stopping the previous trend:
the fact that the correction...
AMAT exited the channel and is ready for a very strong, sharp movement upwards, that can, I am expecting a BUEC before it would start moving, if that wouldn’t appear, I won’t enter since the RRR would be to risky at that point, a very good technical that is worth following
It is obvious that BABA is oversold by now, looking at the news & Investors actions hints that there’s an interest in higher prices
If we look at the chart we can see that
1. Around the point marked as SC, we can see an extreme drop of Volume, that is very common when we enter a range
2. The volume started rising recently, around the point when the price broke...
My mistake was not noticing the glitches in the futures,
I’ll be honest, it’s not the strongst Accumulation I’ve ever seen, and also it was a tricky range, I thought it was a distribution until the very end, but noticing the strong bull movement in the end made me to check again the chart and see the change of character in the end.
Looking at the chart, seems like the UTAD & Preceded test were successful and the change of character is completed, all we have to do now is wait for the price to break the support line, and look for the LPSY
i don’t own Bitcoin right now, I’ll position myself when the Distribution will end
I posted on my last post here, that I’m thinking the price will rise, but now I think I was wrong.
I think there’s a lot of weakness in the market and I will explain why:
1. The highest VP points on the lower half of the range - that is a Sign Of Weakness(SOW) because it means the for most of the range, there is not enough demand, the supply slowly pushes the...
After Shaking out weak hands, the strong hands are interested in higher prices for Bitcoin, it has been tested here for multiple times and there are a few bullish signs
1. For most of the range, The price stayed above the fib 0.5(dashed line)
2. The price rises faster than I drops
3. The tests have passed successfully showing the market prefers higher prices...
This was a hard one to find, this is a big distribution with a lot of volatility, it is going to kick the Bitcoin down pretty hard in my opinion, there is also no close area of liquidity so we might see the Bitcoin spill toa much lower price
Seems to me like the price is about to go up, not a lot though, i think we would see another range before new highs(if we would see new highs at all)
As soon as the price crosses the Creek, the price will enter the bullish movement.
