Wyckoff Reaccumulation Pattern market-bulls.com
Appears to be wyckoff reaccumulation pattern as explained in this article.
OSOL trade ideas
1/24/25 - $osol - Buying 10% premium sub $91/24/25 :: VROCKSTAR :: OTC:OSOL
Buying 10% premium sub $9
- i'm showing you this chart (you can copy this into your trading view) because it's the way to know if you're overpaying for closed end funds...
step 1: go to website and figure out how many units of said asset you get per share
ospreyfunds.io
step 2: create TV formula to show you the premium/ discount. i do this for all the names i follow... OTC:GDLC , AMEX:GBTC (back in the day), OTC:BITW , OTC:OBTC (which is pure BTC and trades 10% discount today and picked up a pile of that)... and this one too.
on a day like today after we've see solana make it's "winning" move vs. ETH (for the time being), as the selected L1 winner of this cycle (ex-BTC of course)... you go "what's up this thing has had an awful run".
a lot of folks don't know what they own *lol* if you follow me, you know i bash the clownheaded nature of salad robots, space lasers, quantum dreams and nuclear summer... and a lot of this degen room temp IQ stuff unfortunately loses a lot of money chasing tickers they don't do 5' of research on.
so the NPC will look at a chart like this and say it's a scam/ fraud you name it. but what's really happened is a bunch of people have smashed mkt sell into a fairly illiquid ticker (only 50mm AUM) and you go back to fair value.
w the the Solana ETF nearly inevitable at some pt this year, you'd ask "why overpay 10% here for this". my friends, if/when that event, Sol will be ripping so much higher and so 10% premium for pure play access to SOL is kind of obvious. does SOL go lower first, w/ BTC lower? if/so yes. do i have a crystal ball? i do. /sarc.
so go slow, just put it on your watchlist. but if u like the setup, look to make a move eventually on something like this.
GL
V
