So on the weekly if you look back we have closed above the white religiously regardless of fall… I have mentioned several times there’s a lot of things changing the market these days… Let’s start with hand held devices again… As the whales try to put the price action down we have small whale seeing opportunities coming in to buy instantly causing price movement to go up. (This will introduce buy orders… that will create momentum in the market in small increments) At this time the whales are not successful with the full on cascading liquidations all the time. This is why we see a slow bleed…On top of that we see recurring buys from many exchanges around the world piling in at different times eating away at the whale. The slow bleed is the capitulation broken apart due to the fight on the way down (in theory) This is significant loss for the whale and potentially very dangerous for anyone involved… WHY, they will not leave on an empty stomach. When you think its safe( this is when you take profits before the whale) Accumulation long term is what kills the whale, THE BEAR MARKET IS HOW PEOPLE GET RICH!! DCA SAFELY… This is a Gann study. A real bottom would be $0 everything else is profit, it depends on when you bought. Just so we are clear… the beast will do what it wants.
