Since the last week of februari, the bitcoin price was ranging between ~$45000 & ~$52000. Now we see the price broke out of the range. What's next? First i want to talk about what actually happened Because i spotted something interesting. We where trading in a range, and at the same time price was forming a Wyckoff re-accumulation schematic. (in my...
Looking for entries from the red area or last point of supports.
SAVE > Buy > On this price break Phase C LPS Wyckoff accumulation. > Stocks change the slope of the price frame. Run up top! > Buy follows a trend on this price. > Risk/Reward Ratio: 3.07
Wish I had seen it sooner. All of the ranging had my head spinning.
NCLH > Buy > On this price break Phase C LPS Wyckoff accumulation. > Buy follows a trend on this price. > Risk/Reward Ratio: 3.42
Due to tons of dillution, wyckoff patterns can be hard to spot on the price - however, i noticed that the monthly RSI had some pretty large similarities. This would suggest the markup phase would begin Late Q4/Early Q1 2022.
Burford consolidation half-way through according to the Wyckoff Re-Accumulation Framework More large institutions entering the position (fundamentally) A lot of supply removed from the market recently Earnings coming up in March which can be the catalyst for jumping the creek and further accumlulation
MINT-W6 > Buy > On this price break Phase C LPS Wyckoff accumulation. > Buy Follows for Break Out! > Risk/Reward Ratio: XXX
TEVA > Buy > Yesterday, the price fell on the accumulated VPVR price frame contracted 10 Month Wyckoff accumulation. > May be this is Phase C or D LPS Wyckoff > Interesting to try and buy at this price. > Risk/Reward Ratio: 6.82
As we are still in an early stages of correction it is very hard to say what we are forming right now. But it just caught my eyes that we could be forming something like a wyckoff accumulation pattern which usually consists of 7 main crashing waves and also forms a lot of times. If that theory holds we could be forming a 5th wave right now, but who knows. Will...
I could be wrong, but it seem to me that we are in a 6th wave of a wyckoff accumulation pattern that usually consists of 7 main waves. Al that points out that LTC hasn't reached the bottom in this correction yet. I am not a financial advisor so don't buy anything that a say. Wish you all successful investment. BITSTAMP:LTCUSD
Seems to me like the price is about to go up, not a lot though, i think we would see another range before new highs(if we would see new highs at all) As soon as the price crosses the Creek, the price will enter the bullish movement.