Eightchains

Eightchains

This chart builds on my previous ideas that I’ve shared regarding the BTC price since October, 2021. It appears that the BTC price has been observed in descending stepping-stone horizontal Wyckoff re-distribution trading ranges. The down trend was stopped on Jan 22, 2022 with a selling climax (SC) and the BTC price entered an upward sloping re-distribution trading...

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The use of the pitchfork, FIB retracement tool, and Phoenix Ascending indicator suggest $200 as a reasonable long entry and $229 as a reasonable take profit target. The red dotted line indicates the possible trajectory of the red stochastic relative strength index (sRSI). The black dotted line indicates the possible trajectory of the AAVE price. This is not...

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The VET price had been observed in a horizontal re-accumulation trading range from Jan 22, 2022 to Mar 27, 2022. The VET price exited this re-accumulation trading range with the SOS rally. I will make a long entry at the BU/LPS event (around $0.07) and take profit around the next resistance cluster around $0.10. The upper and lower boundaries of the...

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The DOT price has been observed in a horizontal re-accumulation trading range from Jan 21, 2022 to the present. The DOT price is pushing up against the trading range resistance in what appears to be an SOS rally. I will make a long entry in this presumed SOS rally (around $21.5) and take profit around the next resistance cluster around $28. I may add to the...

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Based on an analysis of the Phoenix Ascending indicator, Bad Ass Bollinger Bands, and Linear Regression channel (with custom inputs), I have identified a ceiling target ($37, 500) and 2 floor targets ($32,000 and $30,000). I will open a short position at the ceiling targets and close the short position at one of my floor targets. Let’s keep our eyes on this and...

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The ADA price has been in a downsloping Wyckoff re-distribution trading range from Sept 2, 2021 to the present. The upper and lower boundaries of this trading range are given by the horizontal black lines. Wyckoff abbreviations: automatic reaction (ARe), buying climax (BC), failed upthrust (FUT), phase A (Ph A), phase B (Ph B), phase C (Ph C), secondary test...

Eightchains Updated 

Shown here is a brief re-accumulation trading range (Jan 22, 2022 to the present) for BTC USD in the daily timeframe. The upper and lower boundaries of this trading range are given by the horizontal black dotted lines. The gray shaded areas show support and resistance zones. Significant bars, which help define important areas of support and resistance, are given...

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I opened a long position at $41,900. In the 3 hour, I saw that we were nearing resistance in the linear regression channel and nearing the resistance cluster established on Feb 4-6. The green EMA and red sRSI both turned up and, importantly, the green EMA contacted the red sRSI, while the red sRSI was moving upward. The price has moved to the upper boundary of the...

Eightchains Updated 

Here I show stepping stone re-distribution trading ranges for BTC USD in the daily timeframe. From Oct 20, 2021 to Dec 3, 2021, the BTC price was observed in a horizontal re-distribution trading range. The upper and lower boundaries of this trading range are given by the horizontal black dotted lines. The gray shaded areas show support and resistance zones....

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Given here is the SHIB USD price activity in the scaping group of time frames (1 min, 3 min, 6 min, 12 min, 23 min, 45 min, 90 min, 3 hour) with the Phoenix Ascending indicator, which is comprised of the green exponential moving average (EMA), red stochastic relative strength index (sRSI), blue least squared moving average (LSMA), and the white energy (WE). ...

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The high and low of the May 19, 2021 sell-off candle (highlighted in the chart) have defined a trading range for BTC USD, with the high of the sell-off candle ($47,497) defining an area of strong resistance and the low of the sell-off candle ($30,023) defining an area of strong support. The BTC USD price has been observed within this trading range for 39 days....

Eightchains

The purpose of this publication is to examine the ETH USD price over time in the context of Wyckoff accumulation and distribution schematics. It appears that we entered a period of distribution or re-distribution in early May with a buying climax (BC) observed on May 10. This event was followed by an automatic reaction (AR) and an upthrust (UT). Resistance lines...

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The purpose of this publication is to determine the potential ETH USD price movement post the mid-May crash based on an examination of similar situations in ETH USD history. From May 9-13, 2021, the green exponential moving average (EMA), red stochastic relative strength index (sRSI), and blue least squared moving average (LSMA) peaked at 103.73, 102.09, and...

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The use of the Phoenix Ascending indicators and Bad Ass Bollinger Bands to predict the ETH USD price in the late near term to early mid term (e.g. 3-5 days). Please note that the Phoenix Ascending indicators and are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As of May 19, the green exponential...

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The use of the Phoenix Ascending indicators and Fibonacci (FIB) retracement tool to predict the XLM USD price in the mid term (3D-12D). Please note that the Phoenix Ascending indicators and are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As of May 5, the green exponential moving average (EMA) in the...

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The use of the Phoenix Ascending indicators and Bad Ass Bollinger Bands (BBs) to predict the LINK USD price in the near term (1D-4D). Please note that the Phoenix Ascending indicators and Bad Ass Bollinger Bands are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As illustrated in the chart, the white...

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The use of the Phoenix Ascending indicators and Bad Ass Bollinger Bands (BBs) to predict the SUSHI USD price in the near term (1D-4D). Please note that the Phoenix Ascending indicators and Bad Ass Bollinger Bands are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As illustrated in the chart, the white...

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Illustrated in this chart is the relationship between the BTC USD price and the options expiration dates. Please note that the options expiration dates typically occur on the last Friday of each month and are illustrated here by the blue vertical lines. The options expiration dates shown here are Dec 25, 2020, Jan 29, 2021, Feb 26, 2021, Mar 26, 2021, April 23,...