LUNCUSDT just finished the bottom bounce Launch Time
Updated
LUNCUSDT just finished the bottom bounce. Typically a move from distribution into accumulation looks like a drop that consolidates then bounces and consolidates higher than its baseline....(which is the push down in the middle of consolidation prior to distribution) Then after consolidation high it drops again to manipulate under the baseline to break stop losses and absorb more of the float. Then a move back to the high after the absorption which is shown on chart with Volume stating over the last 6 candles there was 38billion in volume....on the last candle there was 34 billion by its self. this is a signal of absorption is complete and now it consolidates high again just below the area it couldnt pass before. Then when its ready to break through it will drop back down to break the line it created moving up which everyone thinks is safe to place their stop losses... It breaks this line to absorb the last remaining part of the float it needs to break through the area it has not been able to get through.
The reason its been in this area so long is because it has been doing this pattern on every time line and its been waiting for each one to complete this move. Now that we are at this point it can start its move for profits..... Lets hope it takes just as long on this stage as it did on the previous.... smh
by iCantw84it
10.31.22
The reason its been in this area so long is because it has been doing this pattern on every time line and its been waiting for each one to complete this move. Now that we are at this point it can start its move for profits..... Lets hope it takes just as long on this stage as it did on the previous.... smh
by iCantw84it
10.31.22
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Only 4 days late but still....The timing is based on if the absorption is successful here recently is the only time the market hasn't responded bullish immediately...not sure what that means but If I had to take a guess its one of two things.
1. Consumer faith is being shaken and less people are bullish and starting to doubt their decision and fear is settling in which means they are pulling their money out.
2. The bigger whales want in and we have all the shares and the only way to get the shares from us is to drive it deeper than its been in a while and create mini bull traps to work retail weak hands out of their shares. So they can get in on the phone and reap all the profits.
I'm going to give a 3rd, its very possible both are right as the second idea would create ultimately make the 1st idea become a reality...........In a normal market the timing of these educated guesses on when they pop is spot on....so what you can take from that is when it pops pretty much within a candle before or after the suggested time than manipulation is at a low and retail is doing what they are programmed to do. When the timing is off its because retail isnt following waht the institutionals want them to do and or its being manipulated. As what I am timing is Retails natural response to the psychology the algo is subjecting retail to.
Let me know your thoughts. and Happy trading.. I am pretty much only long term trading at the moment until the manipulation is subsided.
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Ill post an new image below of the last consolidation period and current...this should give us an idea how long this algo will take if retail responds the same way it did last time and institutional still has retail in their pocket.Note
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1.6 Million from USDT getting approved to go to LUNC Development and connecting it to Tendermint and vanilla Cosmos and Casm Wasm..... Version 2 is something else I saw on the update list from Terra RebelsNote
The model for growth also includes a Pay or incentivize based on created and implemented in use dapps for LUNCNote
Coming down to put a foot in the high of the low it just made...should use that to break the high it just made.Note
end of cycle is Nov 7 2022 @ 7:57am it should start to move up here.
its stalling and freeing up shares to be
able to break the last high.
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If this helps to visualize it....imagine that all the market is are these 3 things:Break out
Break Down
Consolidation
Sometimes the break outs and break downs and the next break down are really close to each other because of the amount of retail pushing it.....the more inline retail is to the algo it moves in more vertical patterns....
the less retail is inline it stretches out this pattern to look less like needles and more like wide stretched W's and M's . Thats the algo manipulating retail to get on the right side of the fence. when you see consolidation over long periods of times it is getting ready to change or test retail to see what side of the fence they are on.
if they aren't on the right side it will fail either immediately or right after a spike to price action that fades off to fast.....at this point the algo needs to find cheaper shares and free up more shares to absorb the float and find more retail buyers who will support what it wants to do.
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