XRP has held the lows and with recent BTC pump it is safe to say that we have reversed from here. We could still hang out at these prices for a bit but not very long. I still expect prices to pause at certain trading ranges (colored boxes) but generally not for long as we have accumulated long enough to eventually expect parabolic rise of some kind. I am not a...
I dont know much really, I just drew some stuff with my crayons. but check It out, I like I like !
Important things to note: BTC has swept the lows, yet there is no sign of a liquidation candle. This leads me to believe there is no fuel and the open interest you see are FOMO shorts. Since they are collaterized with stablecoins, this makes sense. So like I said before, I believe we are at a bottom at 40k for BTC. I also expect the bears to be punished next...
Just an idea, but if my conclusion correct, BTC is in a Wyckoff accumulation pattern, that is between 33-38k. If the upper zone test will success, we are ok... if not, we go to under 30-32k levels.
Price has been trading within this range for the better part of 2 months now. Most probably an accumulation after the markdown. We are almost about to rocket out of there. Looking for the spring and a close within this range again and show signs of building support Alternatively We look for the break and retest of the resistance for a continuation down the channel
if you zoom out and really think about it we havent held a downtrend for long enough to say a broader bear market taking years to regain. even if it lasts less than 9 days, we have always bounced at accumulation levels such as this even during corona and the following recession. im not saying trust this as the bottom, but there is long money willing to make bull,...
ENTRY will be LPS - Last point of supply where it will react of the order block where the TEST tested the spring
Wyckoff accumulation?? Bullish mid-term if BTC manages to respect LPS.
Price has neared our area of interest, price has already reacted off that lower orange area. but we need to see an accumulation at this lower area before we start to see price go higher. At least, that is my opinion. Lets see what happens!
Hey guys! Hope all is well. These are sure times of uncertainty. Market crash? Recession? Supply Chain Issues? Collapse of Evergrande? Hyper Inflation? Central Bank Digital Currency? These are all factors deciding the market currently. Be patient - Bitcoin's rally's happen in a four year cycle. This is when emotions need to be taken out of the picture. We may see...
Buy kritinut fast . Big player accumulation happening very Soon it will double inshallah
Look at the similarities between both wyckoff accumulations. The only thing that scares me is that all of crypto twitter expects this. crypto twitter might not be the best indicator, but media is a part of how the fear & greed index is messured so i think it's worth mentioning. What i mean is that, if everyone expects it to drop towards $40,5k one last time,...
This is what I observed happens in a lot of accumulation phases.
acc is about to give breakout hold and wait for good profit .........DM FOR MORE CLEARIETY.................
Bitcoin - Spring in spring - accumulation. This is a similar diagram I found on the web. Accumulation continues at the present levels
As you can see, Wyckoff played out perfectly and moved up 270 pips from the test of the schematic which was shown in the post on December 15th! There was loads of opportunities for trades during this move up, because once you know the direction price wants to go, it is easier to find trades following the trend. I am now looking for a bigger correction for price to...
This is the year for my boomer friends to buy the dip on their favorite long time value stocks and commodities. That being said, it appears we have Wyckoff Accumulation happening on Uranium. I'm noticing a lot of dip buying with Pleiades bands widening to the buy side while we are chopping sideways. I could see one last shakeout (or Spring) to allow the stock’s...
Here's my 5 cents on BTC and what I see as a possible Wayckoff accumulation. For now the accumulation is not complete yet so we have to wait.