I'm just a day trader sharing my ideas, please do not take them as financial advice. Always do your own research. It's been a while since my last update, and on my previous idea, I expected BTC to spring off support at 41k, which it momentarily did before heading to lower lows. We had a false breakout to 39.6k, which lasted no more than a few minutes (Scaring a...
NOT AN INVESTMENT ADVICE! Right now bitcoin brokeout the (kinda)major trend and we may say the bear is over. However this might be a bull trap too. As you can clearly see there is a wycoff accumualiton pattern going on. My main idea is; if you still have open orders you may close it or may not it depends on you. We generally see when bitcoin goes horizontal...
* Good earnings in the recent quarters * Good general up trend in the long term * High 3-month relative strength of 1.04 in the Consumer Defensive sector * Breaking out of a 7 month base with higher than average volume * Has a U/D ratio of 1.24 meaning it's under accumulation. Trade Idea: * Due to the market conditions I'd suggest you wait for a better entry...
Hello everyone! People still haven't learned, the market is still overflowing. This can result in high volatility. After further drops, we landed below my target from the previous analysis. I didn't expect such a descent, but the profits were realized and it is time for the next move. In my next strategy, I used the moon phase indicator. Maybe it's nice...
We got 2 possible acc area 1. The price keep above 40k, and go up & down for 3-4 months, and make a ATH. 2. 30k - 40k is another possible moving area, but if that happens, ETH may get the chance to take the NO.1 seat eventually.
If you've been following my charts a bit, then you know I've been expecting that drop for a long time. If we continue to follow the Wyckoffian logic scheme then it is quite possible that the accumulation phase is at 29k. But today I looked at the charts again, and I noticed that the moves we're making now are very similar to the accumulation phase we saw in...
Running through a value buy scenario on ROSE if macro sets up for further correction. Spot accumulation setup, no leverage. Shoutout to @thecryptosniper for HVF theory, elements of which are used in my analysis (grindline theory, legacy HVF levels as KLoS). Note this is not *pure* HVF theory (as current ROSEUSDT pattern is not compliant) which would give us...
This an asset I have been DCAing into and will continue to do so untill I see the breakout I am looking for. Previously there were 2 attempts at a breakout which were denied by BTC selloffs. However, it is clear to me that MOVR wants to move. It is sitting at its strongest support level right now and has no real reason to travel too far below the buy zone because...
Hello traders, Over the summer I dove deep into the schematics of Richard Wyckoff. One thing I recognized studying his teachings was that it is apparent to me Bitcoin being a scarce asset with great current and future demand that there are market makers out there trying to create more liquidity of this asset they can accumulate. Wyckoff explains his theory...
Besides the fact that Clover Finance is a solid project, it also won DOTs parachain auction about 3 weeks ago. You can see from the chart this asset has been in an extended accumulation phase for sometime now. From a glance at the chart, despite the price going down during accumulation, you can see strong amounts of buying going on here with peaks far above the...
BTC grabbed liquidity on the higher timeframe (51900 area) before having a big accumulation on the 4H timeframe. This accumulation formed in a support area where I am looking for a good "spring" for a much beautiful and better Wyckoff Accumulation, although it is materializing now, It's whole alot better if it grabs liquidity on the strong support. Hence, My...
GME daily chart showing confluence of trend lines going back to and beyond the pop that occurred early last year. The price appears to be holding/reversing at these levels. Volume indicator (VAPL-CM*) showing significant accumulation of shares recently. This bullish volume is occurring after the drop in price and isn't FOMO buying as occurred back in June...
This is an update to a chart a posted awhile ago noting the buying range for a good price during accumulation. I believe the accumulation phase is coming to an end. I was criticized heavily when I posted the last chart due to ICP's perceived performance since listing (which was the day before the May drop LOL). However ICP entered an accumulation phase which looks...
Looking at a first push down on the NZDUSD yesterday. Price has now entered an accumulation phase and my preference is for price to breakout to the upside to collect more orders and clear imbalance before another move down.
Today we are going to discuss the Livermore Cylinder an accumulation patter first identified by Jesse Livermore a Legend in the trading industry as he for the most part is the reason we are all here today doing TA. You will get a little history, a little TA knowledge, a nice chart to help with your DD and some education on the fundamentals of this accumulation...
what we are seeing since 4 dec low is a lot of overlapping and price trying to breach the low of the range multiple times without success, it looks like it's an accumulation phase as we are seeing bullish CVD forming on spot and futures coinalyze.net and since 31 dec we see even more overlapping, typical before a spring or a failed spring in wyckoff accumulation...
Hello traders! FLM is under consolidation and it is ready to break it soon and we will see at least 60% price hike in FLM coin. After the sudden dump from the triangle pattern, it started the accumulation formation and once it is completed we will see FLM above 0.6$. Don't forget to hit the like button and follow to stay connected
We could see long-term BTC break buy-side liquidity targets to break past the 70k mark or we can break this demand zone I have and continue to trade lower to levels of inefficient pricing on our monthly chart.