Double Bottom — "Absorption at higher level" Trading Range found on POLYBTC chart, and now price in a good zone to take a trade.
This is last pattern in series of Wyckoff Accumulation Events
Previous patterns you can see here:
Head and Shoulders / Saucer:
A Wyckoff study.
Looks like an up-sloping re-accumulation Trading Range. Price moved back on to the midline. BTC may show a sign of strength towards 5800 historic S/R zone and test the area.
If you look at RSI indicator you can see upward break of the channel. That feels like supporting the spring action idea. Sign of strength bar might follow.
PS: Not an...
Good morning, traders. As you are likely aware by now, price took off last night and hit a high of $5080 (~$150 above the 1.618 extension off the first wave in December 2018) just above the daily R4 pivot as I have been attempting to prepare everyone for as an increasing likelihood of happening due to price action and volume, especially as of late. I hope we stop...
Hi friends! Welcome to Poop's Wyckoff Analysis on Etherparty/$FUEL.
We have seen a lot of whining about the market being manipulated when bitcoin printed a huge red candle recently which probably liquidated tones of longs. To be honest markets are indeed subjected to manipulation by huge players and crypto market is not an exemption to this. While big players do...
=>After the big fall into sub 6k level,first time bitcoin is showing us some positive volume feedback.
=>Volume follows the price unlike the other times it tested 4000-4200 resistance.
=>We are probably at the latter stage of Wyckoff accumulation.
Target1:4700 1 Month
Target2:5200 1-3 Months
We are clearly close to a big move in BTC. The price is narrowing down a triangle with volume reaching very low levels again. Last time it happened we've experienced the break from 6k to ~3k.
Also the blue box area shows what might be starting to look like a Wyckoff accumulation pattern supported on the weekly 200MA (not in the chart above). Normally, after...
I am not familiar with the fundamentals of this coin, nor have I read any news about it.
However, a very good example of a Wyckoff accumulation range, complete with the matching volume profile on each step and phase of the accumulation has been formed here.
Waiting for the last step before the markup (phase E) begins.
Needs to show a "sign of strentgh" (SOS)...
Hi friends! Welcome to Poop's Wyckoff Analysis on $ARDR.
This is for $ARDR fans!
ARDR had been accumulating on a continuous weakness trading range for about 10 months now.
-There was a bullish divergence, which covered September to November.
-A strong buy signal appeared in December.
-There is a strong resistance at 3K and 4K sats level
-This shit is about to...
This is a follow-up on an idea that I published at the beggining of december 2018
I still think this is valid and we are now at the beggining of phase C of the Wyckoff accumulation (imgur.com)
We are creeping up against the resistance but will eventually...