Big players shake-out small investors during this bloody shake-out. Reason is small investors still focus on altcoins which is not a recommended touch right now in my opinion. Wanna stay in the market - hold bitcoin. Wanna trade altcoins. Only for initial bounce, than take a profits back in BTC. Can't be hold altcoin more than one explosive wave.
As a lot of people are talking about the possible Wyckoff accumulation, I've tried to map out how it could look on the charts. We would currently be in phase C, where we just had the spring and now need the retest with a higher low then the spring. After that we'll enter phase D where we would see an increase in Volume and a breakout above the resistance level of...
The Wyckoff Method! 🙋 Please let me know what you think. 🚀 If you would like to be kept updated, please follow us. 🚀 If you like the analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. 🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
BAKE is starting to look good, assuming the macro doesn't dump. Either wait for the jump across the creek, or wait for an aggressive entry at the bottom of the range with bullish divergence on MACD + RSI.
I have been looking closely at the price action since we have fallen down to 30/40k area, as I have demonstrated in the chart as you can see the wyckoff phases, right now as we have bounced from the lower 30/29k area with a wick it may be an early sign of spring, and as we know it if its a spring we should see a macro higher high, that means btc must break 42k...
Here we see BTC following a Wyckoffian accumulation pattern. If it plays out, right now we're pretty much hovering near the bottom of the movement and a hold from here might see it go lower in shorter time frames, but over longer time frames (days/weeks) should see your allocations rise in value as the wyckoffian move back up to the north side of the range and...
From mid-may to mid-june we saw a Wyckoff Accumulation playing out, with a rejection to SOS in phase D, red circle. After that we went into a re-accumulation phase. Scenario 1: If Bitcoin does the same as before then we've passed Spring on $28.5K and we should retrace for the TEST and go up to phase D and E. Scenario 2: If we get rejected again then the...
Looking at the volume, it looks like we've completed a "spring". We should be looking for a test, or even possibly another spring, since many believe we still could go below the previous low. The S/R levels are marked as well, meaning I believe BTC will play out similarly as to how I have drawn here. school.stockcharts.com
Has the Wyckoff accumulation ended?
Well, here we go. Micheal Jordan: the last shot. Bitcoin: the last dump. Be a Chicago Bull, not a Chicago Bear.
Still has to jump the creek, but this could be the start of Wyckoff Accumulation. We are very early right now so be very careful. If this isn't the bottom for BTC, expect more downside out of ALICE. It wouldn't be a terrible idea to wait until there's more clarity from the crypto macro to enter this one. But we could see the top of the range again in the coming...
Phase C A typical Accumulation Phase C contains what is called a Spring. It often acts as the last bear trap before the market starts making higher lows. During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., the ones that were to sell already did. The Spring often breaks the support levels to stop out traders and mislead...
Hello, As we regularly visit the 'oversold area' on RSI-14, this suggest accumulation on the market. CME expiration date could suggest the the "spring area' in the pattern. CME expiration date is right after the launchpad of testnet of EIP-1559. The final 'London hardfork' with full EIP-1559 implementation stats 14. July, however right after testnet we will know...
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....
Wyckoff accumulation schematic. We are currently in Phase B. (We arrived from a daily distribution schematic) I'm expecting a spring formed that catches the liquidity below the equal lows and below the selling climax. Only After that, I can see BTC recovering to at least 50k per coin. Right Now I am still holding my BTC and will add more with this liquidity scoop...
Bitcoin price dropped from the $63,000 area into the huge weekly Order Block ($40,000 - $28,000 area), and has been consolidating in that area for weeks. However, the formation of a Wyckoff Accumulation Schematics on a 4H time frame would be a strong indication of price willing to push higher. At the moment, a Wyckoff Accumulation Schematic has been forming on the...
Check this video out:) Bull&Bear trend is an amazing indicator. What I'm seeing is that we are going sideways until the end of July with some ups and down between 30k$ and 45k$ while losing bear power on the daily timeframe.