Is it about to reverse or go bazooka?
Trend is up and there hasn't been convincing distribution in approach to the current levels.
Only things favouring a selloff from here is low volume and the red trendline.
Failure to reverse here can see it shoot up 30k. Reversal from here can see it quickly drop to 26k. Real difficult to call this one.
What do you think?
Trend is up and there hasn't been convincing distribution in approach to the current levels.
Only things favouring a selloff from here is low volume and the red trendline.
Failure to reverse here can see it shoot up 30k. Reversal from here can see it quickly drop to 26k. Real difficult to call this one.
What do you think?
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Looks like a boring day ahead.
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Looking exhausted.
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Point to take from above is, "Same price action in different phases of the market will produce different result".
First, try to identify the phase in which market makers are currently operating in. Then interpret price action with volume as per that and keep an eye for signals that suggest shift to the next phase.
First, try to identify the phase in which market makers are currently operating in. Then interpret price action with volume as per that and keep an eye for signals that suggest shift to the next phase.
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Stopped out. Not much time left for another shot. Will try again if it goes up to 750-800 area. If it sells off from here after just taking out my stop then shit happens...
Enjoy the weekend.
Enjoy the weekend.
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Not able to post new idea for some technical glitch in tradingview so will continue to update here for now.
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