ridethepig | The Nature of the Work Breakouts and impulsive swings
📌 @ridethepig
June Map
Buyers had the move and played to exchange at the key support lows, which despite the length of compression can also be expressed in an impulsive breakup in no other terms than: Buyers in full control and gunning to take out the highs in the compression range.
I managed to carry out the deeply laid plan towards the second target although it should have been broken on the first test in my opinion as was well within reach. I see no other ending here than for BTC to outperform, the 'ideal asset' for a time when confidence in the public sector is diminishing by the hour.
Things proceed as follows: buyers load the 9012.x lows and accumulation begins. And now that we are finished with this phase we can clear the way for buyers to test 10,800.x into August. Here the only prevention can come from state bans on exchanges although the inevitable outcome in this case would be, as many know, private markets and auctions.
In the swing cooking here, buyers are liberated from the grips of compression, an interesting setup! How keenly will buyers attempt to achieve the ground? Where are sellers stops? Why? For those wanting to further the conversation we can track the inner flows together in the comments below.
Thanks as usual for keeping the feedback coming 👍 or 👎
