Technical analysis by SamniNoDen about Symbol BTC: Buy recommendation (10/21/2024)

If I have calculated this right, the whale is going to hit 70,074 before exit, now he is still driving the price down to 68,261 flushing day traders out from the system. Wait until reversal confirmation, and you can ride the trend. Stage 1: Accumulation Phase (Drive Price Down) <---- We are here Stage 2: Stabilization Phase (Bore the Day Traders) Stage 3: Propping Phase (Establish New Support Level) Stage 4: Pumping Phase (Attract the Masses) Stage 5: Fake-Out and Stop-Loss Triggers Stage 6: Whale Exit (Dump Phase) It might take sometime to bore the market. Be patience....Now it has hit 68,261, lets see where this goes.