Jumped in a small position here, huge wicks mean big boys are present. Look at that 200M transaction that took place earlier paired with the even larger buy in a couple days ago. There's something going on here.
Not sure what is going on in the market as overall. Who are the big boys my friend. Thanks.
PedroDavim
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it seems it s gonna fall hard?
MichaelSylvia
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@PedroDavim, The red and blue channel as pictured is a regression channel which calculates 2 standard deviations higher and lower. In theory, due to the empirical rule, 95% of all prices are priced within that channel. We are grinding up the lower channel signaling a potential bounce.
PedroDavim
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@MichaelSylvia, RSI seems oversold too, do u think it has room to drop to 88 as S1 or to 60 as S2, before a possible pump?