Ok so this may be the umpteenth re-distribution / accumulation you've seen by now and perhaps gritting your teeth at the sight of another, but having compared BTC with some re-distribution charts, it seems to fit best and perhaps more useful then EW counts - we'll see.
Essentially the formation seems to have 2 distinct areas with "ICE" the separation, where in this instance SOW pierces down from UT to form a lower low. The interesting part is that from herein the "supply trendline" should hold for a time as the downtrend resumes. Here this could be into a next capitulation.
d.stockcharts.com/im...7631954895112336.png
Not advice.
Essentially the formation seems to have 2 distinct areas with "ICE" the separation, where in this instance SOW pierces down from UT to form a lower low. The interesting part is that from herein the "supply trendline" should hold for a time as the downtrend resumes. Here this could be into a next capitulation.
d.stockcharts.com/im...7631954895112336.png
Not advice.
코멘트:
Back under the supply trendline. This seems to be a common theme to learn with crypto. Price really drifts then returns to form. Lets see if the trendline holds this time.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
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Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Anyhow price looking like it will drift then roll off the table à la BTC 2018 6K.