We may have seen a low volume spring on the USDJPY today too. If you had the capital and the tolerance for holding risk over the weekend, this may be the trade for you. However, if this is an accumulation phase, this is the start of a new bull leg higher. So buying pullbacks will be the way to get in on the action next week. Patience is a virtue and initializing...
Second test after the Spring phase done. This will get way higher than 50$. But yes, it will take time. Expect some violent moves. And I would not sell on the way up, this will go sideways at most during the re-accumulation ranges and people will FOMO hard after the 8$ resistance is broken.
12.3X float accumulated at the range. await potential breakout. Look at Ditto for a similar case in 2021-22
ES PO3 AMD LEVELS monday 13th we enter distribution after taking accumulation low during manipulation
This is an idea about SUSHI, like other coins I have shown in my profile, would be in an accumulation phase. Here I show the schematics 1 and 2, depending on having a spring or not. The extension in time can be variable, as seen by the far away down trend in blue, so the drawn possibilities are just that, with regard to time.
These were charts I posted Yesterday in anticipation of end of Month Close & Investors Day.. I believe they are relevant enough to Post, Let me know how you think this plays out Schematic#3 would be a capitulation Drop....
BTCUSD reaccumulation trading range for the next few months
Bears have had it their way with the Bitcoin for well over a year now, as a result, the most popular crypto was brought down from sky-high prices to nearly under-ground levels in a matter of weeks. And it's probably gonna take months for this thing to completely recover and reach a new all-time high, if ever. But regardless of what happens in the distant future,...
#Wyckoff Analysis for #DENT #DENTUSDT 3% risk 10-15% account gain Entry 0.001195 SL 0.000999 Target 0.0018-0.002 Perfect Wyckoff Based Chart If we see a SOS back above the range here it should do well. The price needs to get back above the Resistance defined by the "AR" Automatic Rally that followed the SC (Selling Climax), Once price has confirmed back above...
Two subsequent accumulation phases. First on chaotic with a poor volume profile, too short a Phase B and eventually an failed mark up phase, abandoned by the COs. Probably also caused by the various Black Swan events around the same time. Second (re) accumulation phase is more 'by the book' and if all goes well, we are already entering the markup phase after this...
Just an idea of a book trade for wyckoff accumulation schematics #1. If global economy goes down in 2023, we will see the final spring for basically all stock markets, including the chinese one.
Nothing huge - but a nice spot to accumulate a few more shares. Buy low, sell high :-) Lowering the DCA a tad.
$BONK aka Bonk Inu has been moving within a tight range for a while - it was on the sidelines and dragged while Solana made it's price moves. Now that the market is feeling comfortable with it's recent bullish turn -- whether that is a long term bull trend reversal or simply a bear market rally is to be seen -- money will start to flow to coins that have few...
ROKU has an incomplete bottom ahead of its earnings report later this week. The technical patterns don't indicate a bad report, just not a great one. There is some accumulation and a shift of sentiment around the lows of the bottom formation, which are likely to provide support. It is unlikely that this stock would drop further than the Dark Pool Buy Zone unless...
Just Wyckoff and a couple of patterns to support my bias on GU. In Wyckoff, whether it is a distribution or accumulation phase, it will still make that move up. (On the flip case, it will still make an AR) Major news for the pound and dollar coming in tomorrow night! It's amazing how we can rationalize our bias. Let's see what will happen tomorrow!
As we can see BTC is behaving very simmilary of what XRP did after the SEC lawsuit in 2020. Wyckoff accumulation pattern is almost done, we just have to go through last boring phase, which could drag quite some time. We could be doing a simple ABC correction. Its a phase where a lot of retail will sell, specially those that bought back in at this recent 24k high....
DISCLAIMER: This is not financial advice only an opinion supported by the Fib tool if and when drawn correctly. BTC must break the $25,420 resistance to see a $26,230 BTC which places it above the 200 MA. The next Fib is $34,405 price point. Resistance is futile! A $16509.50 BTC is more likely a good buy in.
GOOG shows a failure to complete a bottom. The stock moved up and above the resistance level that needs to sustain to complete its bottom, but it failed to sustain the gains. This stock was part of the last New Tech Virtual Course I did, since it is developing several new technologies for its own use and to sell to other companies. AI is the big competition...