Juniorl09

Juniorl09

Wrote the schematic of a Wyckoff accumulation on the chart of bitcoin. Schematic explanation: Starting with a sellng climax (SC) and a secondary test (ST) where volume is still great. After phase a completes, volume starts to diminish and liquidity gets created by the secondary test in phase B (ST B). This liquidity trendline gets taken out by the forming of...

Juniorl09

I saw sort of a similar idea on twitter a couple weeks ago and i found it very interesting so i started looking at it myself. Even though there is alot of different wyckoff schematics, i picked out just a single one who looks alot like the bitcoin chart. (notice the creek being formed right now) In a re-accumulation it's important to look at the volume and the...

Juniorl09

I'm a complete bitcoin bull, but when i look at the higher time frame chart through institutional eyes, i can't help but notice this scenario. Close to all retail is waiting for one last bounce towards $40,5k, so they can fill their bags for the rallies ahead. But this makes me look at all the liquidity below the lows (on chart). I feel like the large...

Juniorl09

Look at the similarities between both wyckoff accumulations. The only thing that scares me is that all of crypto twitter expects this. crypto twitter might not be the best indicator, but media is a part of how the fear & greed index is messured so i think it's worth mentioning. What i mean is that, if everyone expects it to drop towards $40,5k one last time,...

Juniorl09

On the chart we can clearly see some smart money concepts mixed with elliot wave theory. Blue box: impulsive move which broke structure to the upside Green box: institutional candle / orderblock / ... Prices must always come back down to mitigate.

Juniorl09

We are on our way to 200$ and beyond. This is an upwards trending channel which chainlink has been in for quite a while now. If we continue to follow this channel we will eventually get to +200$.

Juniorl09

Now that we've dropped even lower, we're nearing in on an important point of interest (blue box). If we don't see some kind of reversal in this box, and we drop below it, i think the black & green box are next point of interest. This is an imbalance that could still need filling up, and an orderblock which could be mitigated. I know things look kinda bearish in...

Juniorl09

As we all know, bitcoin is having a correction. this often brings alts, just like polkadot, with it. On the chart you can clearly see where i think polkadot might be headed in this last corrective pulse. This is an orderblock where price may come down to for large institutions to be mitigated. This would create a huge double bottom (retail) pattern with a...

Juniorl09

found some similarities between these 2. key level to watch imo is ±40,5k. no reason to be fearful unless we drop below it.

Juniorl09

looking at a larger timeframe wyckoff accumulation for bitcoin. seems to me as though the schematic is close to done, now that we are forming a spring. now let's wait and see what it's next move is. we either: - break structure to the upside and go on to higher highs, - or we invalidate the schematic by dropping below the large wick.

Juniorl09

A possible wyckoff accumulation is forming on the 2h chart for bitcoin. Reasoning: - rsi & btc are diverging (bullish divergence) - volume is decreasing - volatility increases in phase B Let's see how it plays out.

Juniorl09

We had our 3rd touch on the daily trendline for bitcoin, which followed by an upwards break through the downwards trend on the rsi.

Juniorl09

Shortterm buying power is diminishing on etherium as well as volume. I'm looking at a short term reversal with a first stop at $4.5k. This correlates with a wyckoff distribution i noticed on the 10 or 15min timeframe. Confirmation can be found in a bearish divergence on the RSI aswel as volume decreasing while volatility increases in later parts of the schematic...