FET/BTC - Final stages of accumulation

When we look back at any chart and think to ourselves "Gee, I wish I was buying down there..." we often assume that we'll capitalise on any future opportunities "next time" with zero hesitation. Unfortunately, this isn't the case because instinctively we want to buy when we're "sure" something will go up. By the time we're sure, you can bet everyone else is too! Your bids then function as nice liquidity for the astute accumulators to dump in to. Better luck next time.

To me, FET looks like it's in the final stages of accumulation. Or... in the "I wish I bought" zone prior to explosive price movement. This offers a nice risk/reward for a long(er) term swing trade.

My reasoning:

• Structure: Weekly W. In fact, we're putting in double bottoms within double bottoms.
  
• Location: Self explanatory, purchasing within the green box is a solid entry.
  
• Healthy OBV and Willy coming out of oversold.
  

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Transaction en cours:

Only after you zoom out can you appreciate how much upside potential is possible here. Enjoy the ride.

Commentaire:

Trade fermée: ordre d’arrêt atteint:

Structure broken, waiting for altcoins to cool off before looking to re enter. Still love this location for long term buying.