Bottom is in! the bottom support line has been tested, trend reversed at 3700+ to 1750+ range over months, thats over 50% of value gone from the top..
at this point all weak hands are out, spot holders wont sell here, the ones that could not bare it already sold,
here its margin bears vs Margin Longs + new spot bags.
i have bought spot at 1800 range. very happy with my entry price. cant margin trade now due to big projects at work so the spot buy made sense with less maintenance required.
i am very confident at this point, it will become very bullish following daily going green over the next few days.
This uptrend will be much slower with less volume compared to the last pump, some big news to come out soon which should make the uptrend pick up momentum.
Best of luck on your next trade
at this point all weak hands are out, spot holders wont sell here, the ones that could not bare it already sold,
here its margin bears vs Margin Longs + new spot bags.
i have bought spot at 1800 range. very happy with my entry price. cant margin trade now due to big projects at work so the spot buy made sense with less maintenance required.
i am very confident at this point, it will become very bullish following daily going green over the next few days.
This uptrend will be much slower with less volume compared to the last pump, some big news to come out soon which should make the uptrend pick up momentum.
Best of luck on your next trade