Reaccumulation or Distribution.
Arguments for Reaccumulation:
- Price action getting less volatile
- Price building higher highs
- probably also the decreasing volume
How to play this:
- Speculative buy now / demand bar
- wait for break out or retest
Caution:
- BTC price action.
My plan. Wait for BTC to make up its mind than decide on which of the two plays to trade.
Happy trading.
Tele: @maexf
Discord: maex#8262
Tele: mad_maex
Arguments for Reaccumulation:
- Price action getting less volatile
- Price building higher highs
- probably also the decreasing volume
How to play this:
- Speculative buy now / demand bar
- wait for break out or retest
Caution:
- BTC price action.
My plan. Wait for BTC to make up its mind than decide on which of the two plays to trade.
Happy trading.
Tele: @maexf
Discord: maex#8262
Tele: mad_maex
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.
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.