killzonemaster

killzonemaster Updated 

🌊 Elliott Wave Theory from a macro perspective shows a rather interesting results. 🔹 If we start wave counting from December 2018, then in the summer of 2019 Bitcoin completed 1st wave of the new super cycle. 🔹 Following ABC-correction ended in March and now BTC is starting the 3rd wave formation. 🔹 Wave 3 consists of a 5-wave smaller cycle, where each wave...

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💡 Previously shared the idea that Bitcoin is undergoing global re-accumulation according to Wyckoff method. ✅ Now a similar picture is observed on all time frames. 📈 Micro-range, in which the price has been consolidating for the last 9 days, has acquired an accumulation structure. The deviation from consolidation, having collected the sellers' liquidity,...

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❓ What is reaccumulation? It is a trading range within a continuing uptrend. 🔸 Applying Wyckoff logic to the Bitcoin trading range gives us picture that shows reaccumulation after shakeout. 🔸 Absorption of supply happened in the trading range with strength and without violation of support. 🔸 The high of 10400+ and low of 7900+ (depending on the exchange you are...

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🔸 In truth, I am not a fan of technical analysis, especially trend lines. Therefore, me personally take this idea with a sound share of skepticism. However, I could not pass by such a classic example with false breakouts of the channel boundaries. 🔸 Two deviations from the trading channel attracted my attention. Such movements have one goal - to collect your...

killzonemaster

📊 The breakdown of support and BTC dominance index downward movement strongly affected the entire cryptocurrency market. Altcoins are gradually starting to reveal their potential. A lot of coins are pumping now. Chainlink, for example, has reached its ATH. And Dogecoin made more than 100% in just 2 days. 👀 Flat movement of BTC led to a drop in the...

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🔸 I'm continuing my experiment. That time I'll try to figure out which tools of classical technical analysis are still working on Bitcoin. 🔸 In my last idea, I considered trendlines from which price periodically deviates to take liquidity: 📈 This time, my attention was drawn to the downward channel on BTC, which perfectly fits "bullish flag" pattern -...

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BTC 1 DAY 🔸 XBTUSD chart indicates the presence of consolidation in which Bitcoin has been since the beginning of May 2020. 🔸 The priority is to exit the consolidation up to the level of 11000. More precise values ​​should be watched when approaching to the zone of 10700 - 11000. 🔸 Among the factors for long position, it is possible to distinguish the...