Price is stalling at the D @ 108,800 for some time now.
I think it is not because of a lack of demand. Just that there is no one selling. Owners prefer to keep the limited supply. Buyers are unwilling to chase after the few available at a higher price. We have a stalemate.
In 2022, to break this stalemate, price needs to drop, with sellers taking a profit and making supplies available. Then we will have buyers scrambling again to BUY.
Watch the OBV.
So, I should wait to BUY, but at the right price.
Good luck.
I think it is not because of a lack of demand. Just that there is no one selling. Owners prefer to keep the limited supply. Buyers are unwilling to chase after the few available at a higher price. We have a stalemate.
In 2022, to break this stalemate, price needs to drop, with sellers taking a profit and making supplies available. Then we will have buyers scrambling again to BUY.
Watch the OBV.
So, I should wait to BUY, but at the right price.
Good luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.