BTCUSD: Wyckoffian Reaccumulation not Distribution. Comparison to 2018 Top. Theory: Bottom is Already In at 9k or Will Be in Shortly in ~8.3k-8.8k range with Spring #2. Look for breakout through JAC (Jump the Creek) as confirmation.
Good morning traders. Price printed a new 2019 high of $6336.93 in the past 24 hours. The more bearish among us continue to watch on in disbelief and reload shorts each time they're liquidated. The Bitfinex premium, which was recently almost $400, has now dipped to $120 while price has continued to rise. The Bitfinex Shorts/Long ratio remains at its highest levels...
Good morning traders. I hope my continued insistence on risk management over everything else has gotten through to everyone. Yesterday's surprise news -- the Binance "hack" -- was a good example of the importance of risk management. Price dropped just over $200, as a result of the news, which liquidated many traders. The positive side to this is that Binance will...
Good morning traders. Bitcoin price reached $5970 yesterday evening and, in typical retail trader fashion, now people are starting to think about entering. Unless you have a lot of experience and understand/employ strong risk management, it makes little sense to enter right now just as price is entering overheard resistance. There's too much risk associated with...
Hi friends! Welcome to Poop's Wyckoff Analysis on $BCHSV. BCHSV is showing signs of a textbook Wyckoff Reaccumulation. What we have seen so far? -There was a pause on a prior uptrend. The prior uptrend was backed by strong volume. -There was a case build for a new uptrend, a 6 weeks of consolidation within the re-accumulation trading range. -RSI divergence...
Trying to apply Wyckoff Accumulation theory to the BTCUSD range. So far, everything fits perfectly.
interesting case of 1.5year old accumulation which has got its supply exhausted and absorbed at the 52 week wilder moving average and is due a phase c change of character and sign of strength… the fundamentals definitely needs a digging the change of character would be kumo cloud region over head and 447 by level, which is an established resistance in phase...
disclaimer... not an investing/trading recommendation
disclaimer.. not an investing/trading recommendaiton
Good Monday morning, traders, and welcome back. Bitcoin had a quiet weekend ranging with price while nearing completion of its LPS (Last Point of Supply) in the form of a pennant. I believe this to be subwave 4 of the larger wave 1. As such, my expectation is that we will see price reach $8700/$8800 or $9200/$9500, with the latter being an extended subwave 5....
the creek might last a little bit longer
Disclaimer... not an investing/trading recommendation
support to the bearish divergence point and figure chart link drive.google.com Disclaimer... not invested, interested, just began to research the business after noting this reaccumualtion Not an investing/trading recommendation