As continuously discussed over the last few weeks, both here and on the YT channel, we've long welcomed a fakeout down below the very key $30 000 support zone, but given that it would recover aggressively and at massive trading volumes. We have now gotten EVERYTHING we've asked for and more in Bitcoin, and for those reasons there is a strong chance the bottom...
Death Cross. Areas of increased interest (accumulation) Addition
$HAI Clearly stuck inside this current range / accumulation zone since half of May. Wanna see a move up above and retest of this current range. Expecting some news before end of Q2, let's see what we get! #Bullish #for #Hacken
Hey Traders, I want to share with you guys the multi month ascending triangle I've spotted on Silver. I'm very certain that at some point soon we will have a massive breakout as we've been accumulating for almost a year! Couple that with the coming inflation and cycle out of risk on assets and we have ourselves a winner. This trade will probably take some time to...
seems to be a rinse and repeat situation.
Bitcoin - idea for next months (redistribution -> accumulation)
We've gotten our spring, looking for a backtest and move up!
Many people wonder and fear whether Bitcoin has to go on the downside - if it can make it as low as $24 000, $20 000 or even lower. The longer we move around in this sideways range, the more technically convinced I become that this is an accumulation phase in the making. This time we'll go beyond mere technicals and back up our claims with fundamentals too....
I've digged deeper in to details and updated the accumulation phase we are entering. While the length of each phase can differ, this is pretty much what it will look like to reach $100k. So, sideways accumulation looks like it will continue in trading range until October, while institutions accumulate, following a rally / markup to $80k and the distribution will...
I will continue to update this on a weekly basis
Assuming the massive support BINANCE:IOTABTC 2200-2400 sat holds
Serious bearish sentiment in the air... TIME TO BUY!!! lol. (No joke) and this may be welcomed news - (this is not an echo chamber) This to me looks very close to Wyckoff Accumulation... NOT a Bear market lol. History: Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered...
We have successfully tested the upper resistance of our trading range with a tiny upthrust and turned down towards the $35k support, following $32k and $30k. Regarding p&f chart, i've explained in my previous analysis that we have 13 columns so far in the accumulation structure. This counts to a $39k potential, but we need at least $26k more to reach our beloved...
Hi, Tradingview removed my analysis update so i'm posting the revised version with LOVELY Tradingview charts! In this update i want to explain wyckoff method using poit and figure charts. Wyckoff uses them for identifying the events without the noise. These charts are created using x and o's, hence the topic tic-tac-toe . Google it and you can play the game...
This is my setup for US30. Looking to enter at 34550 and set 34880 as a primary target before we go to 35000. Zero indicators. Just raw price action as price is in an accumulation phase. 300 pip target. Expecting volume in the New York session. Let's go!
At first, we have to understand that Bitfinex doesn't concentrate most of the market however nowadays arbitrage bots reflect orders almost instantaneously, causing the market to converge on data information. On the 4-hour chart we can observe a distribution starting around 1:00 on the 26th of April and extending to the 11th of May. The famous "Sell In May an Go...
Hi all, Wyckoff accumulation schematics are playing out well until now. Price reached at the upper resistance level of the trading range at $40.841. I'm exiting all my positions now as we are entering an upthrust event, because this will not be a sustained breakout and will flip anytime down fast according to wyckoff accumulation schematics. Red circles on the...
Very low float...many technical gaps left... I am accumulating carefully with alerts set. Ideally want to see major support get put in anywhere around 4.10s-4.20s (spot is 2.24 right now) Could see some major moves in the near future. OBV don't lie.