The price action of Bitcoin of the past few months is very similar to the accumulation cylinder from Livermore’s Speculative Chart. According to the chart, Bitcoin could be in the last stage of the accumulation before it takes off.
Step 8 is only there for reference and is NOT a price target.
ROSE/BTC looking good for continued upwards movement:
A Livermore cylinder has been printed with increasing
volume on the price rises (indicated by the + signs) and
the decreasing volume where the price falls (indicated
by the - signs).
Once the 7 wave finishes and price holds above the
0.236 Fib retracement line, we can expect the
violent 8 wave to transpire...
OCEAN/BTC looks primed for price increase here:
A near picture perfect Livermore accumulation cylinder
has been printed and is stalling before its next leg up,
the 8 impulse wave, which in Livermore cylinders is one
of the two most violent waves.
Price has increased on increasing volumes (indicated by
the + signs) and has decreased on decreasing...
SNX/USD may be in a Livermore Accumulation Cylinder
(just getting in to this technique, if anyone can
link me to the best Livermore Cylinder learning
material that would be greatly appreciated.)
We see the trend being respected on both diagonals.
Jesse Livermore traded by the rule as well to
determine whether he was on the right side of a
Lets play a scenario that is likely to happen, which has repeated many times over in the history of BTC > both Macro and on the micro level (H & S).
In this chart above, I have both the Livermore speculative chart along with the Head and Shoulders formation.
I will likely not get the price levels right but I am comfortable with the thought that a similar...
Bluzelle is another coin that appears to be forming an accumulation cylinder.
STOP: Close under bottom white line
Prices are likely to continue higher long term if alts continue to rally.
Accumulation cylinder is forming.
TP1: 13.5-14k sats
TP2: 17-18k sats
STOP: Close below 7k
The books are extremely thin as there are only 9 million ZEN in circulation so we just need a bit of volume to get the party started.
These are soft targets and it can go much higher if there's demand.
Trade at your own risk.
Hey guys! here is the Zilliqa price prediction and analysis for upcoming moves.
I hope you will be safe and you control your risks in your trading.
This is explanation how to use Livermore's Cylinder in trading and market analysis.
Previous winning Livermore analysis by me:
Example of cryptocurrency in cyclical reaccumulation.
Trading the Crypto Market with the Wyckoff Method
3 Session Course totaly devoted to cryptocurrencies and Wyckoff Method. 6 hours of materials and exercises.
Hello friends. Want to share with you my observation on USD/CAD mid term view.
Found on the google images Livermore Accumulation Cylinder.
Actually many times before I've noticed this pattern on other hype-fib moving assets, such as crypto.
Will see how it will goes.
I see target at 1.35
This is only for speculative purposes.
Stay tuned to Artem Crypto.
What are the objections people usually make?
We share some of them...
A - The technical analysis doesn't provide any kind of reference.
B - Patterns give us the reference at which moment to enter.
A - When you enter the breakouts, you have the same odds as when you flip the coin with heads and tails.
B - It's true, but when we lose we lose by -1, while...
"When price and volume move alike - up up or down down - the market is bound to post higher price levels... The rationale for this is obvious: an INCREMENT in price should rarefy the buying power... But it does not: hence higher prices. a DECLINE in price, on the other side, should stimulate the SELLING PRESSURE... But it does not: hence higher prices." -- Jesse...