A fun analysis of what the effects of COVID19 did to BTC... Again this is for fun, but something to thing about. One think on the video, i mentioned the accumulation period would have been shorter, that is not true, i meant it would have happen sooner... Did it delay our goal? Did it reduce the amount of the next ATH? Just thoughts... PLEASE LIKE, if you like...
WYCKOFF PRICE CYCLE ACCUMULATION PHASE Revised; 1) Period of this accumulation phase, i shorten the time frame to better match as an average of the other visual accumulation time frames. 2) added a few other phases i found after the first chart. PLEASE LIKE If you find this chart helpful.
This is the only reason I'm shorting btc. We are still within the WYCKOFF PRICE CYCLE ACCUMULATION PHASE . I do believe we are in the start of the accumulation zone, but I could be completely wrong resding the wave. Please keep in mind, this phase may end at any time, so always add your Stop Losses (SL), i set mine t 10,500 BUT you guys do your own home work. If...
It looks like we may have entered the accumulations phase of the Wyckoff Price Cycle, What do you guy think? Please leave a like if you like this analysis, thank you.
Just wanted to explain why I called the scalper zone (background purple area). I think we may get this bearish pull back one more time, if not I'n going to replay this trade.
This only my thoughts if i was swing trading or scalping again. This is not advice, I am not a professional, so please do yourself a favor and study and do your own research to the point that you feel comfortable reading simple charts like mine or more advanced charts like profession on this website.
ETH is in my no trade zone. Depending whsat BTC will determine which direction ETH goes.
ETH / BTC Not For Scalpers. ETH moves with BTC, I'm not trading until BTC breaks out, one way or the other. Short Term: Neutral. Could go either way... Price: Bargain Price if you ask me.
Fun but possible? If this candle doesn't fill the Gap, I'm thinking if it ever gets filled, it will be around 13k. Also remember the there will be highs and lows all the way up.
We are currently in the no trade zone. This area is highly volatile so be careful. I'm not going to open any new positions until we break the 10,500 resistance line. The 10400 to 10440 is a major resistance line and has rejected us 4 times prior, so lets clear that rejection area first. We need to close above the 20 Weekly so i expect to maintain this no trade...
Please let me know what you think, I am trying to make it as easy to understand the value of my chart. :) Any suggestion (constructive) would be appreciated...
Bulls need to close the weekly above 10,800, Bears need to close below.
If the US500 drops at open, so will btc is my thought, but, what's the 500 going to do? Will it close the Gap completely?
IMO, wait for a reversal.... but do your own research...
NO TRADE ZONE - We may bounce off the 20 and .618. Im not an adviser, just my thoughts... do your own research.