Counter 180 Days Resistance, Possible Correction!

After 3 days bounce, it counters the key pressure level--180 Days MA Resistance.
Possible Correction Development. Reasons as following:
1. Volume is not as big as last key drop (24th, Feb, 2019), possible short position liquidated.
2. 3 days climbing up for 12.5%.
3. Last time price hit 160-165 was just kissing 180 Days MA, and it appear a big dumping (On Sunday)
4. Holiday is near, and tomorrow is Sunday, Sunday dumping is a habit of the bear.
(Will it stop to dump after Spring Season? Let's see the bear is still living in the cold weather or it feel more comfortable when sunny day?)
5. 3 days climbing up is also a pattern of the bull.

Yorum:

From this chart, maybe we can said: There are three big bear rocks, or said the lock-up floating positions around USD150 to 170.
It still needs time to absorb them out.
It has been taking 3 months(From Jan to Mar), and maybe it will take extra one more month or two more month for the bull to real enter.
We observe that recent 130 to 148 up trend from 26th Mar, to 30 Mar, it seems that:
--5% (Estimated)of new long position enter, but they run away around 145 to 148(Current high)
--22% (Estimated) of short position squeeze (Future Contract SWAP?)
Therefore, maybe that the real Bull Long position does not real enter, but only the Short Position Squeeze making the price climbing up recently. (Same trick with previous price climbing high?)

Yorum:

A fast A-B-C completion.
The bull wake up? Maybe.

Yorum:

Smile