If you enjoy this analysis, please give it a like and a follow In this analysis I want to take a look at the BTC accumulation phases of the current, the last, and the bear-market before that. I took the lowest weekly close as my anchor. As seen on the chart, Bitcoin is trading exactly where it should be - in a longer term period of accumulation. The square...
BTC at present is ranging on the $20,000 support and as long as the price remains above $17,567.5 BTC is bullish. Price below $17,567.5 is bearish. From a waves perspective the only remaining bullish count is a diagonal in wave 1 which is valid above $17,567.5. Expect further downside if price confirms below the origin of wave 1 at $17,567.5. Expected downside in...
The chart is pretty interesting here, on a monthly view. During the covid crash in 2020, the total down move was around 32%. Today, in 2022, the correction move from the top is 33.85%, and it already made a nice bounce in June with the bullish engulfing candle. So, there is a pretty good possibility, that the bottom was already set and we could enter the...
1. 1st high volume indicates consensus on Accumulation phase. 2. Accumulation continues. 3. 2nd High volume indicates consensus on the Expansion phase. 4. Accumulation resistance flips into Reaccumulation support. 5. Repeat.
if H&S forms and plays out, then BTC could drop down to support around 21.5 - 22k and see a bounce heading into New Moon on the 28th which reliably the time frame where local highs are made and price is generally bullish. We just exited the 5 days after the full moon where we reliably see local lows print, so I don't anticipate sustained bearish action, maybe some...
As institutional investors have started to get involved in crypto, we have been seeing more and more similarities to the stock markets and as such, we saw our first Wyckoffian patterns February to April in 2021. Followed by a very obvious accumulation pattern. As we have recently had two distributions to follow, it looks like we might enter another accumulation...
I think the previous ideas are dead and Bitcoin will no longer see 53,000, what do you think?
Chart show the possibility of the Wyckoff method chart pattern and it's target.
I am neutral on shib. waiting for a better deal in the triangle and some confirmations before going long any further. 30b + market cap is pretty hot and could cool off for more altcoins soon.'' Rating 60-40 neutral bullish. We are reaching the final portions of phase 2 markup, into the "distribution and publicity phase" the final peaks and then inevitable fall...
Analysis bullish phase gold TF weekly from 7/10/2021
Bitcoin, Baseball Superstitions, and the Lunar Cycles: Using the Moon Phase Indicator to Enhance Your Trading Success It is rather well known amongst the trading community that J.P. Morgan once stated, “millionaires don’t need astrologists, but billionaires do”. I wonder though… Do most traders know that Evangeline Adams, the financial astrologist he chose to...
Wyckoff Accumulation - We are at Phase D and we are heading towards the Last point of support (LPS). From there we should see a bullish move. This is purely based on technical prediction. This is not financial advice and please DYOR
I've plotted Wyckoff Theory over MARA. I feel we are currently in Phase E.
I've plotted Wyckoff Theory over RIOT. I feel we are currently in Phase E.
BITBAY:BTCUSD This chart analysis is simplified and gamed by previous success methods by yours truly. DYOR, take it with a grain of salt if matters of analysis conflict with yours. Wycoff Phase A Fundamentals Widening spread on chart and selling pressure due to lack in news affected price action (1 of many catalysts) followed by AR (automatic rally);...
Looks like we are in huge bull flag heading for an accumulation phase, and that phase looks quite near when we are comparing to bear year 2014. So after about 410 days from the top of end 2013 the accumulation started after a steep drop bouncing of the bottom of the channel. This could be the case now. We could see BTCUSD touching 2508. Lets see how this plays out.
Break out of the level 4200 with retest will lead min 4400 SL 4050 probably high chance of downside, it looks like a distribution phase However wait for the confirmation breakdown of the level 4100 with retest will lead min 4000 Target 3700