Currently what I'm seeing is market sells into buys which replenish themselves. An accumulation phase is upon us for those who didn't buy under 20k. Volume has been way up recently.
This is all about patience. Just as the swamp was drained in the 14-17k range, it'll happen here and then we'll move up. Pretty typical consolidation of recent gains. With such a large spread I just don't see any real sell pressure to be worried about. This is all much healthier than sudden spikes and retraces. I suspect we'll hit 40k and then once again wait for the 30k level to consolidate, unless some kind of news comes along to overwhelm the resistance.
I've started businesses before. It can be complicated and time consuming just to get through the red tape. I don't even want to think about the nightmare of doing it in Nigeria. Keep moving forward and ignore the haters, boys. All my life, the better I did at something, the more people tried to shoot me down to their level.
This is all about patience. Just as the swamp was drained in the 14-17k range, it'll happen here and then we'll move up. Pretty typical consolidation of recent gains. With such a large spread I just don't see any real sell pressure to be worried about. This is all much healthier than sudden spikes and retraces. I suspect we'll hit 40k and then once again wait for the 30k level to consolidate, unless some kind of news comes along to overwhelm the resistance.
I've started businesses before. It can be complicated and time consuming just to get through the red tape. I don't even want to think about the nightmare of doing it in Nigeria. Keep moving forward and ignore the haters, boys. All my life, the better I did at something, the more people tried to shoot me down to their level.