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jocull
Sep 21, 2021 12:46 AM

Scare bars abound. The paper tigers are out Long

Solana / United States DollarCoinbase

Description

Volume and pressure looks like a bottom to me. After a long trend down, it feels like it’s time to pop back again in a big way.

When we pop out of stddev x 2 on volume, buyers and sellers are very active. Price is having a hard time moving down as they fill large positions for the markup phase. The sellers are panicking and pushing into big money’s hands.

Trade closed manually

After the rally today (17% for the day at the moment!) I exited this position in the around 150.5. We'll see what happens next
Comments
rcj2019
Please recommend an exchange for shorting stocks.
rcj2019
Who furnishes your charts?
jocull
@rcj2019, I build them myself :) Hoping to open source the pressure indicator some day. It is essentially an adjusted Accumulation/Distribution line + some minor analysis
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