i believe we are in a textbook accumulation. the last few times was chainlink the front running altcoin. i think this is in the cards again. there is a very clear pattern as you can see.
also the market tends to "test" the previous all time highs. so there should be a lot of orders hanging in that area.
the trading range is between 0,00067 and 0,00087. as you...
you can see on the chart a classic btc distribution, right now is the perfect moment to short. 17800-17900 should be the max for the last point of support.
very juicy gains in the making if you take this short. i think the target will be between 13k and 14k
this is the add for my other bigger picture.
we have had an buying climax, indicating the high. than we had a automatic reaction to the lower range. than the second test to the high didnt make it,
this is the first sign of weakness, also making an lower high. we came down to the bottom of the trading range. this gives the confirmation of distribution.
than we had...
we are about to correct from the parabolic rally. there is a distribution scheme between 17200 and 18400. i pointed out three target point.
the all coincide with the fibs retracements. at all of the three targetpoint coincide two fib lines at the same price. confluence in the market.
the last targetpoint would end at 618 level. this is the golden...
you alway look for confluence in the market. so if you asked yourself, why didnt alts jump in the rally of btc to 18400. every coin has to tend to behave on its own way. because btc is so dominant in the market it always influence the coin in particular.
Chainlink always tends to test the previous all time high, before the next bullcycle begins. I believe when...
i believe eth could make a massive drop to the downside. it had a very good upswing but is no facing a lot of resistance on the upside of the previous high.
Also ethereum likes to test areas again. so on the downside we have a untested area where the whole run began. also the volume is declining
If you look for confluence, i believe bitcoin just...
hello, if you like this post. please leave a comment or a like. i would appreciate it big time.
my previous post about btc was for a too small of a timeframe. so i think is was mistaking on that one. I think that we are still in accumulation but a very big one. and this is only the beginning.
Accumulation takes a long time before an outbreak starts. This all has...
i believe gold is forming an distribution on the daily.
As you can the selling climax and the automatic reaction forms the trading range for the coming week/months. Eventually it will result in a downtrend.
For now, gold made an secondary test what probably will fail en will come down to the lower side of the trading range. If this happens, phase A of...
i think litecoin is in a very big accumulation zone. the ltc/btc is much more important than the ltc/usd pair imo. This one shows the real potention of Litecoin.
in wyckoff theory the preliminary support always fails. i have pointed this out in the red box. After the failure it resulted in a selling climax, what also indicates the
lower boundary of the trading...
hello ladies and gentlemen,
I want to point out my analyses based on the wyckoff strategy.
We are now in Phase A of Wyckoff. In this phase the downtrend will stop. we had an sloppy preliminary support. This support always fails. When this fail we reach the lower side of the trading range.
the lower side of the trading range coincides with the selling climax. The...
i think bitcoin is in a big distribution range. I pointed the trading range out with grey lines. In the middle you can see the equilbirium, what coincides good on the 4hr.
You can see that the preliminary support was the last level before the trading range began. the buying climax was at 10300-10500 with an automatic reaction. alle the way back
to the lows of...
i think ltc is forming a possible double top. there is a lot of restistance in the 141 to 144 area, the volume is very low and also litecoin didnt drop yet or made a healthy correction. if this does play out, i think
118 wil be a good target to close the trade. also on the ltcbtc chart litecoin cant make higher highs, that indicates to me that it will drop to the...
bitcoin is in between a triangle possible fall to 3750. In the bigger picture the movement of the last 4 months were continueing, so it could formed a big bear flag. if it fails to go lower at 3150, it could be a possible double bottom.
if bitcoin goes only to the support of the traingle, maybe things change
we could be up for a major move to the downside. I think ltc is forming a ascending wedge. The whole uptrend of btc and litecoin is more corrective than impulse. so we will
probably go down in the next week. This upside action could form a double top or correcting more upward instead of impuls. for Btc there is also a major resistance.