The past 24 hours i have been struggling a bit to see what the bigger game plan is. After making that last update it finally struck me, big chance another is in the making here. We have similar wicks at the lows. Shows accumulation back than and could be the same now as well. The only thing that makes me doubt, is at the 3500/3600 it was buying power that pushed the price up several times when it got in the green. At the 3200/50 it was a short squeeze both times.
At the moment the 3350/60 is a clear short term , if that breaks with a few minutes, and we see a squeeze happen to at least 3420/50, it could be the is in play. There is still room for a move towards the 3200, but just as the previous one at 3500, it should NOT stay there too long.
I think there is a good chance we might get at least an answer within a few minutes. If the 3300 breaks, we could drop towards the 3200 again.
This analysis is a short term view, based on this possible , but i thought it’s best to put it in a new chart, since the previous one has become quite big now.
Previous analysis:
Published at Tue, 11 Dec 2018 15:05:07 +0000
