Just going to leave this here to follow along. If this was the same style reaccumulation, and reversal we saw back then, the next step would be a move higher into the range, and last point of supply, before the sign of strength move which would bring us back to the top of the range.
Granted, this is at elevated prices, rather than after a major bear market, but the capitulation on Oct 11th actually far exceeded the liquidation event when FTX collapsed.
Not trying to be a predictor, or hero here, but this is worth bringing up.
This is inline with a few of our schematics from our channel, and we have alternative plans for downside if this failed. Give the bull case some credit until proven otherwise in a Macro uptrend.
Granted, this is at elevated prices, rather than after a major bear market, but the capitulation on Oct 11th actually far exceeded the liquidation event when FTX collapsed.
Not trying to be a predictor, or hero here, but this is worth bringing up.
This is inline with a few of our schematics from our channel, and we have alternative plans for downside if this failed. Give the bull case some credit until proven otherwise in a Macro uptrend.
discord.gg/cNr35ahGsx
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discord.gg/cNr35ahGsx
Join our free discord.
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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.
