has massive wicking.
This hasn’t happened since early 2018.
When these wicks happened in early 2018, BIG moves were associated with it.
Every dump is being bought up, UNDER massive support.
Every pump is being dumped, ABOVE massive resistance.
The trend is your friend. That means … DOWN.
is being held in place, in a very calculated manner, since we dropped.
…Why? Especially when we have Mr. Big Bad Inverted .
( patterns typically occur when an existing downtrend has ‘lost’ momentum)
(Key word ‘lost’. Haha. Ya.)
This is for you. However, need to profit…
So, which direction do they go?
Well, according to my friend lines, this is it.
We break either of them and you can trade accordingly.
Up, long.
Down, short.
ez.
For a LOT more information, and to see Bitmex charts corroborating this trade, see here:
Published at Thu, 03 Jan 2019 12:12:23 +0000
