What is your game plan with 218Mil, you want 70,074 right?
If I have calculated this right, the whale is going to hit 70,074 before exit, now he is still driving the price down to 68,261 flushing day traders out from the system. Wait until reversal confirmation, and you can ride the trend.
Stage 1: Accumulation Phase (Drive Price Down) <---- We are here
Stage 2: Stabilization Phase (Bore the Day Traders)
Stage 3: Propping Phase (Establish New Support Level)
Stage 4: Pumping Phase (Attract the Masses)
Stage 5: Fake-Out and Stop-Loss Triggers
Stage 6: Whale Exit (Dump Phase)
It might take sometime to bore the market. Be patience....
Stage 1: Accumulation Phase (Drive Price Down) <---- We are here
Stage 2: Stabilization Phase (Bore the Day Traders)
Stage 3: Propping Phase (Establish New Support Level)
Stage 4: Pumping Phase (Attract the Masses)
Stage 5: Fake-Out and Stop-Loss Triggers
Stage 6: Whale Exit (Dump Phase)
It might take sometime to bore the market. Be patience....
Note
Now it has hit 68,261, lets see where this goes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.