Long

Bitcorn Accumulation

Updated

I present to you the highly likely large-scale accumulation setup. I still believe there'll be a bounce soon but think it'll be shortlived and likely to be in the form of re-distribution see - bit.ly/2kqBYib. Keen areas of interest will be the interaction with the support on the bottom of the trading range. Breaking this with low volume should be a clear indication that the spring has been set.

I'll be opening a nice long should we break below $6500.

Keen to hear other traders opinions on this setup.

Note

Updated chart obviously when I originally posted this idea targets were pretty speculative. That said it now looks like we've had the spring, the test and are now looking to move up through the trading range. Expecting a couple of decent pullbacks in the form of LPS.

Twitter thread here -> twitter.com/gonebroke_/status/1019316926634430465

DickieWyckoff

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