dee718

dee718

That looks like a pretty heavy hit of stopping volume. You can also see that its stating to resemble that classic wycoff accumulation pattern . Looks like a "spring" as per the textbook definition in combination with that extremely large volume spike. Let see if that marks up from here.

dee718 Updated 

See if you can notice the volume expansion at a previous demand zone. Can you see how as price drops, you can start to see the demand? Think about it.. If you were a professional where would you want to buy? Say you work for a company that gives you 500K to trade with and you keeping that job is contingent upon you making money for that company through trading...

dee718

You can see the recent stopping volume spike. As usual, you want to use the 1 or 4 hour (4 hour being better) to identify where the accumulation/positioning is taking place and wether of not smart money is active. Many people have no idea whats going on here. These target areas are hypothetical. In trading, you want price to come to you. Once it does come to you...

dee718

Nope! The buying is not aggressive enough just yet. However, you can see the volume coming in a bit. Same target areas as usual. The overall market looks weak for now. Bargain prices are imminent. Unless you have an account and the margin to short, I would stay out of its way with capital in reserve for when the drop is finished. BTC is not dead. Bt its...

dee718

Supply (sell) pressure looks light coming off of that previous supply zone. But we dont want to buy this close to a previous supply zone. There may possibly be more supply right above there that can knock the price down. You want wait so that there is space between yor entry and a previous supply zone.. why is that? Because if you allow yourself space you will...

dee718 Updated 

Looks like about an 8% gain so far from that previous order block. Have to see what the volume reaction is off of the channel centerline. Its been accumulating so we will have to see if this last demand zone os the actual turnaround. If not, supply targets are as per SOP. Base hits make you money, NOT "hodling" Unless of course you are one of the BTC "experts"...

dee718

Looks like more positioning. Will have to see if it begins to cycle here and attempt a mark-up. Keep an eye on these previous demand areas. But just like the ETHPERP chart, the volume here appears a bit more active. More to follow.

dee718

For some reason the futures contracts charts for BTC and ETH are usually more active with Higher and more defined/concise volume strikes. There is serious accumulation going on. Of course t can fall through and crush whatever bought there, but that would be an exception IMO. I would be very careful shorting near these demand zones. I think a counter-trend/ mark...

dee718

Looks like its hitting more demand and it is nearing a previous order block that showed a pretty violent reaction. Numerous demand spikes throughout this downtrend (You can see them, they are green). Also intersecting with a previous demand zone/order block. I don't pay attention to financial media for the most part but let me guess what everyone is saying......

dee718

Down almost 52% since March of 2021. I guess they have been making some very bad business decisions. I don't think people like being told what they can see and what they can say... which is being shown as evidence in this chart. Same entry areas and principles as all other charts I post.

dee718

Supply looks light. Expecting another markup but waiting for the pullback (cant chase). Linear reg set to 300. Can be useful if unsure of overall direction.

dee718

Things are dead/just opening up. This is a very busy chart. Its been a bit difficult to get a fix on EUR just because of the range that its been in. Will see if it hits buyers at a few key spots. I think the supply is light versus the demand so maybe it will get through to the next supply zone. May have to look for something else untl it gets through this...

dee718

Hit some demand off of that previous key demand zone(previous order block). Big picture wise I am still waiting for better prices. In my opinion and from what the volume situation looks like I think its got some room to fall. Check out the weekly chart specifcally and look at the current weekly candle. Its a down candle that is pointing towards lower prices. ...

dee718

Volume picked up a little. Makes sense when you look to the left and that previous order block or what I like to call a previous violent reaction. So if not a reversal turbulence can at least be expected. Will have to see if these demand spikes translate into a counter trend situation. Which would make sense here psychologically since people are starting to...

dee718

This futures chart is showing some high accumulation. Have to keep an eye on these previous order blocks/PVR's. Too low to short, too close to previous accumulation areas to short. Keep an eye on these previous supports/demand zones for more confirmation of buyers. Daily and weekly candles are still pointing down so it may have some more shaking out of the weak...

dee718

The chart don't lie. You don't really need to guess. I used to not believe the facts in front of my face either. I wasn't very good at this either when I first started and only had a few youtube TA videos under my belt and still listened to social media bitcoin charlatans... Ive been there to. Facts. The facts are in the chart. You do not need to make...

dee718

Going to start looking around 120 fro accumulation. However it does look like most of the weight is supply. There were some demand spikes but they seem limited. Will have to see when it gets there and what it tells us. The Cheaper the better. The ultimate entry areas would be sub 50 USD but thats quite a ways and anything can happen from now until then. Just...

dee718

Hmmm... When things are looking weird its always easiest to look for activity near and around previosu demand zones. You can wait and see if the demand/buyers start becoming active. If they do not become active, its safe to assume better prices are coming. SM cannot hide its activity. Volume is the markets way of communicating. In digital currencies it tends to...