RIOT block chain. If reversal... near accumulation Zone
Hi all
I think we are in the accumulation zone. Do not see the price going that much farther below than 9$
Reason being is people who bought before it launched up are likely still holding.
It launched due to hype of bitcoin and algos identifying it, hence its been in a long down trend as the institutions have sold back their short-bought shares.
I think we will be in an accumulation zone noe similar to HUT. There may likely be more downside between 8.5$ and price around here. I will start averaging in once the market settles and am seeing reversal patterns.
I will keep my eyes on bitcoin and see how it does then modify my strategy accordingly.
Keep an eye on SPX and the NASDAQ. Overall the market is bearish right now.
Cheers. Open to discussion
I think we are in the accumulation zone. Do not see the price going that much farther below than 9$
Reason being is people who bought before it launched up are likely still holding.
It launched due to hype of bitcoin and algos identifying it, hence its been in a long down trend as the institutions have sold back their short-bought shares.
I think we will be in an accumulation zone noe similar to HUT. There may likely be more downside between 8.5$ and price around here. I will start averaging in once the market settles and am seeing reversal patterns.
I will keep my eyes on bitcoin and see how it does then modify my strategy accordingly.
Keep an eye on SPX and the NASDAQ. Overall the market is bearish right now.
Cheers. Open to discussion
Comment:
Back in accumulation zone. Just below this is max pain zone. We may spring down there to grab liquidity.
Comment:
entering " max pain" zone.
this is where smart money likes to buy
this is where smart money likes to buy