Ok, probably standard accumulation, see schema.
Wyckoff accumulation schema. IMO I would be patient.
Wyckoff accumulation schema. IMO I would be patient.
Trade active
nice rejectionNote
FTX collapse makes this idea more accure. Maybe we gonna see spring in this large bitcoin accumulation (twitter will be like "btc is dead, invest to alts", but this is wrong).I am not saying anything about price (against fiat), but what I want to say, BTC could be better investment (not trade) than other coins.
BTW. risk management first.
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Todays pump confirms me in capital moving to btc.Note
thanks for all the fish schema 11 & 12
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13 in the play. Everyone was expecting alt season, but I dontNote
yellow upper band (1) of accumulation tested successfully, now its time to flyNote
*Correction: the last two updates were in normal scale by mistake, the original uses a logarithmic scale. So the target is around 54.6% of the original idea chart which has almost reached. Sorry!Anyway, as we can see alcoins started small alt season :)
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I love this Alt season. (Many people believe that we have entered the next bull market cycle).btw. BTC.D nicely rejected 54.6%. ☝️ Reaccumulation in progress.
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TOTAL = 1.861T touched. Alts are starting their euphoria show!Note
Did you enjoy alt season? I did.But now we are very close to the bottom of stablecoins (Volume is rising, stables are oversold) - stablecoin dominance (chart above) can drop to range 4.58-3.51%. Then it will be blood ride.
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How do you enjoy the bloodbath?Trade closed: target reached
BTC.D was rejected from the golden pocket (at 61.45%) with confirmed very high volume. Now it’s time to let BTC.D rotate and enjoy alt season!Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.