There are 2 things after what I call a golden Chart in my Accumulation model (I'll leave it as related Ideas). The #1 thing is we might be in a distribution, so I tried to do the same thing I did with accumulation model, but now I am doing it based on distribution model, now, #2 thing is that either one of which I have been analyzing does not fit entirely with what is happening, so I will let this open for debate.
We stablished a High Top as Buying Climax that has pretty poor volume, but I could still use that as a TOP, if not you can counter analyze it with arguments please :). Now we Never touch that BC top again... never went back to 8.4k. Actually I was hopping we could go to 8.6k at least before dumping, but I guess that's the deal, so without taking any risks I decided 8.2k was a good point for shorting.
Now we DID test a light resistance at 8.3k in several occasions, but then it couldn't hold so now we see a way straight to lower 7kish levels. (This perfectly fits with Descending triangle drawn in recent posts too) Now I am waiting 7.4k.
Question is: Would be possible to jump once again? in that case a second Top would work well with this Schematic of Distribution, it would only give more time.
This is just an idea, not an advice of any kind, just want to know what you guys think of this one and give me a like if you liked it. Thank you. :)
We stablished a High Top as Buying Climax that has pretty poor volume, but I could still use that as a TOP, if not you can counter analyze it with arguments please :). Now we Never touch that BC top again... never went back to 8.4k. Actually I was hopping we could go to 8.6k at least before dumping, but I guess that's the deal, so without taking any risks I decided 8.2k was a good point for shorting.
Now we DID test a light resistance at 8.3k in several occasions, but then it couldn't hold so now we see a way straight to lower 7kish levels. (This perfectly fits with Descending triangle drawn in recent posts too) Now I am waiting 7.4k.
Question is: Would be possible to jump once again? in that case a second Top would work well with this Schematic of Distribution, it would only give more time.
This is just an idea, not an advice of any kind, just want to know what you guys think of this one and give me a like if you liked it. Thank you. :)
액티브 트레이드:
Active on this one... 7.4k sounds very near now...
Active on this one... 7.4k sounds very near now...
액티브 트레이드:
Are you gonna get in the yellow box or not???
4 Times BTC have touched that 'light' support... either it bounce hard now (hardly doubt it) or it breaks it!!!
Are you gonna get in the yellow box or not???
4 Times BTC have touched that 'light' support... either it bounce hard now (hardly doubt it) or it breaks it!!!
