Bitcoin Re-Accumulation After Decline S&P 500 ANALOG
Updated
Here you can see a great analog for the Re-Accumulation After Decline argument for Bitcoin VS the Distribution structure.
You can see how S&P became over heated before suffering a sharp reaction and forming a new accumulation range before continuing on its bull run.
You can see how S&P became over heated before suffering a sharp reaction and forming a new accumulation range before continuing on its bull run.
Note
The structure is still valid. Are we in Phase D? Lets see if we can hold this trend upwardsNote
Looks like this played out very well.We are seeing shortening of the thrust now as short sellers are probably in disbelief and are expecting a reversal. Absorption of supply on the way up so far.
Lets see how deep a pull back comes and if we are to see anymore aggression in demand to give us some continuation.
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