BTC is probably in a reaccumulation phase, which is confirmed by the volume for me. There was more trading at the local bottoms, which is why we assume accumulation. I also marked these accumulations with red ranges. There are two options, one is the blue faster way, the other is the slower but more likely option (purple).
The current patter which started development since the end of January, is almost complete. If it is true, BTC will pump probably to ATH within days. On the chart you can see a blue path, there is still possibility of a shake-off strategy aimed to scare people. Of course, DYOR ! A probability of invalidation of this idea is marked on chart by a stop loss...
Solana has almost left it's 4hr reaccumulation trading range. The expectation now, if it is to continue bullish will be a break of structure to the upside, a short continuation above the BC(buying climax) and AR(automatic rally) before a slow pullback to mitigate the AR area. If solana achieves these steps we will expect an explosive move from the AR region on...
CRYPTOCAP:ETH This patten has unfolded consistently, multiple times, across ETH and many other ERC-20 pairs. It's a simple Wyckoff accumulation/reaccumulation schematic, sweeping liquidity then double bottoming, followed by a flag at the DB neckline (w/volume) then breaking higher. The best part of watching this unfold is from a macro bottom into the expansion...
CRYPTOCAP:MATIC This Matic flag w/spring has played out many times before within this pair with the same volume profile after sweeping the highs and the lows. What we love to see is reclaiming support, with declining volume from the highs then coiling into an ABC flag after sweeping the most recent highs prior to the spring is spectacular... Number Go Up IMO
#BTC I love to see the noise and fear that comes from these patterns playing out, IMO sentiment is a massive tell. So far this flag is a textbook support bounce, and if it plays out will head in the direction of max pain, and fast...
#Ethereum A prefect textbook Wyckoff Reaccumulation Broadening Wedge, with volume in all the right places
LINK A textbook Wyckoff Reaccumulation Spring with a clear ABC with volume in all the right places. Sweep the channel with lacking volume while the OBV X-ray view is signaling a solid potential of UP is in the works.
#1INCH The bear market trendline has just been pierced and closed above with beautiful volume. This is exactly what we like to see during a Wyckoff Reaccumulation Flag
#MATIC This looked like a simple flag initially, which is a great bullish continuation pattern, but since has evolved into a #Wyckoff Reaccumulation Schematic. The latter is actually a healthier option, and one which usually warrants less pullbacks vs the simple flag, that very often comes with sharp retraces. The Volume is perfect, the OBV is perfect, the...
#MATIC As noted before, the rocket fuel has now been loaded at the LPS (Last Point of Supply). Now it's time, Number go up...
Gold is currently inside a daily/4h bear channel correction to lower 1800 weekly/monthly demand levels. Overall trend for gold is still bullish on the weekly/monthly, so a buy in the 1800s is a very good opportunity, which would mean forming a Wyckoff Phase C LPS for a potential rally to 2000 by December or next year. Failing 1800s or holding 2000 level would...
🔄 Unveiling the Stages: Reaccumulation encompasses distinct phases – from a markdown phase marked by price corrections, to a trading range phase characterized by consolidation. Each phase reveals the intricate maneuvers of institutional players. 🚀 The Climactic Transition: The culmination of this pattern lies in the breakout phase – a moment where Bitcoin's price...
Nas is looking like it is re-accumulating atm but it could turn on a dime and all of a sudden become a distribution schematic so pivot areas are indicated in the annotations on the chart. Just watch out for what price action does in the next coming weeks along the key areas and levels as it will be pretty telling if we are going to start a meltdown soon or if we...
Ok Traders ! hope you enjoying your life ! first of all what do we want to see in phase c ? -strong rejection: point of fear : traders start to panic in downtrend and close their positions and open a new short positions to take gains . participation of buyers : for fundamental reason market makers and other whales see an ...
CLear wyckoff reaccumulation seen on 5min tf but tradingview cannot allow me to publish on low tf. RR: 1:10 -Charts detailed above including my entry, RALLY-BASE-RALLY Supply and demand with confirmation from wyckoff perspective. :)
Hi Traders, We have this continuation pattern that consolidated under the monthly level and now aligned to the wyckoff re-accumulation schematics as we enter phase D which is volatility and difficult as the pullback could break the previous resistance and yet be ok. This week has critical events for the DXY, SP500 and others, so BTC is not in the clear...
Happy hump day in the first week of this new year. It’s been a minute since I’ve last posted some TA, and it seems the itch has returned after putting trading aside for a bit to focus on other pieces and parts of life. I’m sure The Byrds touched on crypto degen season in their hit Turn! Turn! Turn! somewhere. With the Litecoin halving expected sometime in Q3 or...