Currently, we are observing a candlestick formation of the trend continuation - Falling three methods. Bitcoin heads to 20K. Best regards EXCAVO
The Bitcoin volatility index is near an all-time low level that is around October 2018 low. I have already compared these charts (see below). The fact is that after such a decrease in volatility, there is always a big move. The question of up or down is the eternal question of most people in the market. Locally, I think there will first be an upward movement with...
Hello friends! Looking at Bitcoin, I remember the end of 2018. When the daily volatility was + -1%. I found a lot of similar patterns by analyzing the chart. I am sure that the movement will not be identical, with a high degree of probability, we can see a short squeeze in the next 2 weeks, and after - a dive below 18 is possible. 13-14k - strong support...
Over the past two years since the corona collapse, the index has recovered 2.2X. We will likely reach the support levels indicated on the chart in the next half a year. There will be a correction, a period of recession. The markets are overheated, full of artificial money. It is influenced by the news background, the policies of the world's largest economies, the...
Tightening regulation of crypto-exchanges: - financial audit of the crypto-exchanges; - the regulator may tighten the KYC procedure; - only the verified users will be able to trade. The unverified accounts will be blocked. People will have to provide evidence to prove the origin of funds. This may apply to already verified users too. Unverified accounts are the...
We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C. A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail. Best...
What we need to start an uptrend: breaking through the resistance line = trend reversal and the end of the bearish trend, which lasts more than 50 weeks, as I said in the previous global chart. Judging from the logarithmic chart, we are breaking through the global support zone and there will be a panic in the market, perhaps not only in the crypto market. We...
We see a lot of supports in the area of 11-14K. Also, there are large volumes around 9K that the price can touch by some long squeeze. We need just a reason to panic. The way to make money is to buy when blood is running in the streets Best regards EXCAVO
When you understand the Wyckoffian phases of the market, you can determine when to be in or out of the market. You begin to understand how the large accounts determining market the trend, change of trend and price action. Wyckoff Phases of Accumulation Phase A: In phase A, supply has been dominant and it appears that finally the exhaustion of supply is...
Over the past few days, I watched the entire history of Bitcoin on different chart timeframes and saw something worthwhile to share with the world trading community. I hope you'll appreciate my diligence with your likes and comments below the chart. So let's go! The first thing I want to show is the first movement of Bitcoin starting from $ 2.3 per coin to $...
What is the Wyckoff Method? #2 Distribution Schematic 👇👇👇 I am waiting for this pattern to complete in November, before that anything can happen, the bear market is usually long and exhausting I follow my analysis 1) 2) I am waiting for this pattern to complete in November, before that anything can happen, the bear market is usually long and exhausting I...
We see the structure of PO3 (Power of Three). Three similar formations in a row. Alternate stages of the price behavior: accumulation, manipulation, and distribution. Often, it is a narrow corridor (range) in which liquidity forms on both sides of the traded levels. The purpose of accumulation is to accumulate a large amount of liquidity. Manipulation means...
Some thesis: Oil is more than enough worldwide. Supply exceeds demand. Transition to electricity. Shale oil - another attempt to manipulate. Saudi Aramco - is the largest capitalization company in the world (another not a good signal for me). We can propose many fundamental arguments, but this is a virtual trading chart (little connect with the real life). It is...
KUCOIN GEM CALL 💎 I think you remember NWC, we made big x's in the last cycle Now NWC formed the bottom and that was indicated with the double bottom pattern, which signals a great buy opportunity. What's even better, is that the price crossed the EMA21, which in confluence with the double bottom pattern gives a great upside potential. It's a project with huge...
On-chain leverage trading using yield-bearing collateral. Trade and earn at the same time with up to 10x leverage Binance Support the RAMP (RAMP) Token Swap, Redenomination & Rebranding Plan to LeverFi (LEVER) Marketcap 33M Listed on Binance futures Best regards EXCAVO
I paid attention to the Bitcoin Network Hashrate. It seems that the fall has not even passed into the active phase. Industrial private miners are still hoping for price recovery and do not turn off their equipment. People bought many ASIC miners for tons of credit money. BTC Hashrate = -27% after the shutdown of miners in Texas. Best regards EXCAVO