ChartCinema

ChartCinema Updated 

Whales have been manipulating Bitcoin in a Wyckoff Distribution schematic since 12/5/23 (before the GBTC and FTX sell off.) Currently: 🚨 Bitcoin dropped below bottom of Trading Range to create a Sign of Weakness in Phase D. 🚨 Bitcoin flipped the bottom of the Trading Range at $40,150 to resistance and created its final Last Point of Supply for shorts to enter. 🚨...

ChartCinema Updated 

After the Bitcoin ETF was approved there was a 2nd Upthrust After Distribution to test remaining demand. 🚨 Supply was dominant and within 24 hours it was a "buy the rumor, sell the news event." 🚨 Bitcoin re-entered the Wyckoff trading range. 🚨 A small bounce created a Last Point of Supply, which is the ideal entry for a short position.

ChartCinema Updated 

The Wyckoff Distribution Schematic is the most feared pattern among the bulls. Volume confirms the bearish price action. Everyone is in full greed mode with pending Bitcoin ETF approvals and the whales see this opportunity to "buy the rumor, sell the news."

ChartCinema Updated 

Bitcoin in a Wyckoff Distribution for the last 16 days Supply may begin to dominate 🔴 Short-term pullback coming into the weekend. 🔴 On Balance Volume confirms weakness ⭐ Macro bull market, I would buy the dip!

ChartCinema Updated 

🟢 Channel = Breakout 🟢 OBV = Bullish Divergence 🚀 $2.00 price target to the 0.618 golden ratio seems reasonable

ChartCinema Updated 

Memecoin Trade $OHMI 🟢 Narrative: One Hundred Million Inu 💯 🟢 Wyckoff Accumulation Schematic 🟢 On Balance Volume above resistance 🚨 Buy at your own risk. Community coin w active members 🚀

ChartCinema

A Bitcoin entry here is ideal for a long-term hold for this new 4-year cycle. ⭐ Price = Result ⭐ Volume = Effort The Weekly price action is above resistance and the result is confirmed by On Balance Volume moving above its 21 Week Simple Moving Average.

ChartCinema Updated 

Bitcoin just exited a channel on the 1 hour time frame. Volume appears to confirm loss of demand at the $23,000 level. Hopefully, $BTC finds support at $20,000!

ChartCinema Updated 

Volume doesn't seem to support this Wyckoff Distribution idea. Really need bigger sell volume. So, this may just be a short term pullback.

ChartCinema Updated 

Weekly charts of Litecoin show very bullish perspectives! Litecoin versus USD looks like a massive ascending range with On Balance Volume near all-time-highs. Litecoin versus ETH just broke above weekly resistance and is forming a bull flag.

ChartCinema

Cardano Wyckoff Accumulation on the daily chart. 🚨 As long as #Bitcoin doesn't crash, ADA could moonshot once the whales are done accumulating in the next 24-48 hours. 💡 No "spring" move. OBV shows quiet buying when no one is looking. Stop loss below LPS at $0.425

ChartCinema Updated 

💡 Bitcoin appears to have enough volume to break above a Downtrend of Resistance for the last 80+ days. The Bear Flag is invalid. Supply is exhausted as the OBV makes a Higher High. Price may follow volume. Buckle up frens! 🔴 Bitcoin is trapped under a Downtrend of Resistance 80+ days 🟢 Bear Flag is no longer valid since the flag (price consolidation) is...

ChartCinema Updated 

Unfortunately, the Bitcoin Dominance reversing higher in my previous update means that investors are moving into safety... due to bearish conditions. Be mentally prepared if Bitcoin were to drop farther down to the $25,000 range. 😨 The Grayscale unlocking on July 17 has everyone spooked. Lots of Bitcoin will be released ($530M worth) to investors who are in...

ChartCinema

Bitcoin may steal the show in the weeks/months ahead... Taproot, which enables smart contracts on Bitcoin, has been activated on its test network.

ChartCinema Updated 

BITCOIN -- Supply and Demand ⚔ Battle Continues! 😬 Bullish volume expands at the bottom of Trading Range $32,000. (This was the "Hold the Door" moment in GOT. 🏋️‍♂️) In the Wyckoff schematic, this appears to be the SPRING 🐍. Bullish volume has entered... bulls escape the death trap to $20,000. Admittedly, "Phase B" went on longer than I thought it could and had...

ChartCinema Updated 

Finally, Bitcoin flips the 1H 200 EMA to support. A few bullish volume spikes show clues that retail traders may be flipping bullish. Just need more volume now. ✅1) Need to flip that 1H - 200 EMA to Support 🟡2) Volume should start increasing as retail traders take positions. 🟥3) Price needs to get to the $23,000 Resistance Line 🟥4) Reversal is only confirmed with...

ChartCinema Updated 

Just something to think about.

ChartCinema Updated 

Now that US Markets have opened up... I'm starting to see clues of a bottom reversal. Bearish volume has been declining... 👇 while the price has been dropping. 🤷 Effort < Result. At this stage with low volume and prices appearing to be creeping up (on the lower timeframe)... this could be a sign that sell pressure is exhausted and whales are accumulating...