It seems there is a lot of Support at 28800-29800 USD. Seems like Accumulatiog there.
WHY? Most candles have shadows on both sides. There is no agressive, but clever buying at theese levels. only when sell pressure increase, they increase buying power.
Between 33200-34200 they pause buying and wait it to return.
If this is true, we will maximum stay here 2 weeks more (or wait weekly RSI to go between 50-60) and then we continue.
Lets shake out the weak hands!
WHY? Most candles have shadows on both sides. There is no agressive, but clever buying at theese levels. only when sell pressure increase, they increase buying power.
Between 33200-34200 they pause buying and wait it to return.
If this is true, we will maximum stay here 2 weeks more (or wait weekly RSI to go between 50-60) and then we continue.
Lets shake out the weak hands!
Trade closed: target reached