🔥 BNX Breaking Out After AccumulationI've made several BNX analyses over the last couple of months, but after the 100:1 swap the token has only been losing value.
However, after a 1 month+ accumulation phase BNX has finally broken out and is looking for more.
I'm waiting for a move above the dotted resistance before considering an entry. Patience is key here. Targets in blue.
Accumulation
Accumulation Manipulation Distribution Ran into this 'AMD' concept on Twitter, never looked at charts as such. Can this NASDAQ:SMH Daily chart play out as such? Does it make sense to indicate Accumulation Manipulation and probable Distribution like this, or do we need more for this (?)
Keeping an eye on it this way is harmless. Let's watch and see how it plays out. Always keep learning.
Solana ($SOL) - Sleeping Giant | VatsikEvening Folks,
Here I provide some context around my analysis on Solana and I predominantly focus on specific technical criteria, I am a structural price action trader.
I think retail is sleeping on this giant - letting it drift away from portfolios via the uncertainty of its future, similar to that of Ethereum in 2019. This is fair, as an investor, to be wary of.
Will it recover, is the narrative of NFT's over, is FTX the collapse of Solana?
Time will tell, but from a purely objective and technical standpoint, I will let the chart speak for itself before making my ultimate decision.
Boiling it down - consolidation under resistance = bullish pressure and supply pinching -> asset appreciates in value (price).
We had bearish consolidation in Q4 of 2022 and lost support (see chart). Now? We are seeing bullish consolidation below resistance and about to lose 28 dollar area resistance imo - a major high time frame area of interest, much like 6k shelf on Bitcoin last bear market. Reclaiming this critical level is essential and powerful.
Solana is ranging within a downward sloping channel with shallow corrections, above a major market structure break (msb) at 15.5 dollars that has already been tested.
Hold the local 20 dollar support and origin of current leg breakout, hold the downward sloping channel's low, and of course hold my directional control point (DCP) at 15.5 (bears fully back in control below my DCP level) then price has no where to go but UP. Anything in the green zone, above my DCP, is bullish as bulls are in control. Higher lows on a trending asset = bullish.
Breaking red to the upside, on high time frame resistance, with multiple candle closes (Daily or H12) and we will push to the lower quarter range (QR) in the prior range we traded in mid-late 2022.
Channels don't disappear if they or broken, they tend to come back later, once price enters them again. They always exist and price likes to trade at them (up/down) - imagine your favourite spot to grab lunch, you likely frequent this location often and in turn have good and bad experiences there.
Eventually the macro range EQ and upper 50th percentile (higher QR and RH) will be tested, believe this.
If Solana survives this market and pulls out ahead, we will see new all time highs imo.
Again, while we sleep on it, it is making moves and following the above criteria, fundamentals aside, price will release with expansion on a supply pinch from initial and re-accumulation.
This range it is attempting to reclaim is only the beginning, until the real supply pinch occurs from the re-accumulation we are witnessing in front of our eyes right now.
Choose your side, I know mine.
Manage your risk and DYO! NFA
Vatsik
$LINK Accumulation Range
Crypto and a fave of mine, Chainlink .
$LINK has been in a range for almost a year. With crypto in general moving up in Q1 of this year this is one to watch.
There is a diagonal resistance from Aug 2020 on the horizon. Diagonals over a long period are ones to watch and a flip here could see buyers rush in.
This is probably a good place to accumulate but if you want to wait for a breakout to trade, you have two areas:
1. The flip of diagonal resistance
2. Breakout from the range top.
Link is definitely one to watch.
Bitcoin - Analysis for the next few weeksAfter the accumulation that took place from June 2022 to March 2023, it is now time to test the breakout from the accumulation. There is a strong resistance zone at the $28000 - $30000 USD level that will be difficult to break through. However, breaking through it should lead to a fast move towards the next zone at $37500 - $40000 (where bitcoin distribution occurred in the past, when it was bought below $15,000).
In the near future, I suspect a pullback after the recent growth to around $25000, where there is an interesting support line that dates back to January 2021. I believe that there is a re-accumulation taking place at these levels.
DYDXUSDT is in accumulation PhaseBINANCE:DYDXUSDT is creating an accumulation phase on the $2.5 area above the demand zone on $1.8.
An accumulation phase is a period of time when the price of an asset moves sideways or consolidates within a range, typically after a significant price move or downtrend. During this phase, buyers and sellers are balancing their positions, and the market is forming a base of support for a potential future uptrend. Accumulation phases are often characterized by decreasing trading volume and volatility, and can last from several days to several weeks.
According to Plancton's Rules, if the price of BINANCE:DYDXUSDT grabs new liquidity and breaks out below the $2.5 accumulation zone, it may suggest a bearish trend. Traders could consider entering a new short position with the expectation of a continued downtrend, with the potential next target being the $1.9 area.
SFP/USDT 1D. Basic trend. Local situation. Channel.In the basic trend of the coin a downtrend channel has formed. The price is now near the medium of that channel.
In the secondary trend we have pumps from time to time. From the last pump a downtrendline has formed in the secondary trend.
In was broke out and retested. Shown on the chart. From that breakout a symmetrical triangle started to form. The basis of it is 180%(666).
The price locally is near the support of that symmetrical triangle. Locally it's in consolidation for more than a month with buy outs time to time.
The nearest local target is the resistance of that triangle(near 40%). The more medium term target is about 180% which lays on the top of the basic trend channel(downward one), the top of the secondary trend up channel and it's also the target of the secondary downtrend(which was broken previously).
With this coin also it's brother TWT might move, but the cap of the last one is slightly higher than the SFP.
Also i guess it's worth to notice that there was a manipulation with the capitalization of SFP. It raised more than 3x, while the priced hasn't moved that much.
You can check it on the coinmarketcap on the page SFP, by clicking market cap near the chart.
With TWT, however there's no such thing happening, but there is abnormal capitalization from the start of the trading pair on binance(huge pump before listing).
Time cycles also tell us that there's a pump possible closer to 14-16 april.
I attached my ideas on ru language. It's on TWT and SFP.
BITCOIN ($BTC) - Re-accumulation or Distribution? If this is in fact a re-accumulation range, we do not want the lows of current range to be broken.
Green liquidity zone would be a perfectly healthy correction - but it would lead me towards this current PA not being a form of re-accumulation, which does make a difference regarding where we are in the market cycle.
Vatsik
NIFTY Prediction for 2023This is basis two things from 2015 when similar patter emerged. I have matched with 2015 keeping the time lengths in mind.
1. What are the phases?
2. How long do the phases last?
IS there any match with Elections for the final pump heading in 2024 Generals?
All the points match up beautifully to the perfection. Please refer to my previous one given below for matching with 2015
This is not for trading, this is for investment accumulations.
Note : For traders there's always a bull market somewhere, stick to high relative strength stocks and keep SLs. Thats all, simple.
$DNA Possible Accumulation. Fib levels very reactive.A pretty compelling argument for a classic Wyckoff Accumulation pattern. We know some people like Woods are investing heavily into this market, so it's not a long shot to assume there are others. Whether we see a spring or LPS our way up to SOS is TBD, we could shoot in either direction as it stands. PTs are at $7-$15 according to analysts. This seems to line up with extensions. OBV shows each consecutive low on the PA is higher on the OBV. This is a great indication of an increase of strong hands ownership. Overall, I think I am mostly bullish at the current level. Should we happen to dip lower for a spring, I will significantly add to my position.
AAPL insider trading and net cash flow from positive to -70Mil AAPL with all of it's great achievments has what seems started to run out of steam.... With insider trading recently and net cash flow going from a surplus in 2019 to trending negative since and at -$70 mil currently.... I see signs of weakness. Looking at the chat there are clear signs of manipulation and gapping up over solid resistance areas to get to where it is today. This recent pull back for re-accumulation looks like a failed re-accumulation mid run. This is apple so I am not sure how much of a fight this will put up. However, I feel confident this will drop to at least close the gaps. 8 Days should be enough for the $161 traget. 36days should be safe for a Price target of $152. Which seems ambitious when looking at it from the top but its been on a straight 45 degree angle since Mid March. However, this is the same stock that took from Jan 2021 to Mar 2023 to finally make support out of the $140s. If this pulled back to $152 it would be completly conservative compared to those 2 years.
This $152 area is the last place there was synergy between volume and price. Which means this is the last place buyers and sellers saw eye to eye for a period longer than a few hours.
If you like or are intrigued by this analysis pls like and follow and of course hit the BOOST button as thats how more people will be able to see this.
This isn't financial advice and I wouldn't suggest blindly following my trades, if you see the price going against save your profits and or money and look for another entry.
by iCantw84it
04.06.23
$NVDA AccumulationOne of the industries I'm looking to accumulate heavily in the bear market is AI and Tech. Nvidia is a leader of it's field and will be one of the main companies that rises from the ashes better and stronger. Nvidia went on a crazy run 6 years going from around 7USD to 300.
It's now down 50% from its ATH and like most stocks, I expect them to keep bleeding through 2023 and 2024. I'm a buyer below 100USD laddering down to 40USD-50USD.
I expect this stock to perform very well over the next decade.
Bitcoin Wycoff Accumulation Phase D into EFor fun i was just re reading up on Wycoffs Methods and decide to put it on the chart to see how it holds up (to the well known photo)
which it really doesnt have to look anything like the photo just so long as those steps or should i say Causes and Effects or Efforts and Results happen, it can better help you know whats happening. and not all of them have to be met, but dont let me bore you. i just wanted this archived to see how it plays out in the future. also, it lines up pretty dang perfect if you ask me. now do i think it rips through phase E to 36k-38,200 give or take? sure. and beyond? welp, it still could reject there an enter back into the "accumulation zone". esp if my thoughts on recession (light one) comes about. anyway no price targets really just archiving this to see it in the future. cheers
Judging Markets at a Glance - ETH/USD Case StudyNow is a time to be very careful trading, even though price has seemed strong and doing well, if we take a closer look at a few points on the ETH/USD chart, we can vastly improve our trading outcomes.
I don't expect we're going to start a bull run soon, there seems to be some accumulation that needs to happen still. I'll explain through this post on why I believe this.
First, look how much ETH loves the $1550-$1850 liquidity zone. Even though it's broken below it multiple times, it's pretty much always returned here. This is a good indicator that this is our main accumulation zone for this cycle. Investors feel comfortable in this range. If it drops below, panic ensues, and the one time it moved above since June 2022 it was likely an intentional liquidation move.
Secondly, we can get a very good idea of when price is going to break up or down by using two indicators: RSI and Engulfing Candles.
I have highlighted some examples of these events with the vertical lines and arrows to indicate the RSI at the time of the engulfing candle. The rules are pretty simple:
- If you get a BULLISH engulfing candle AND the RSI > 50, that's a good indicator to go long. See the green arrows and lines for these.
- If you get a BEARISH engulfing candle AND the RSI < 50, that's a good indicator to go short. See the red arrows and lines for these.
However, if you get an engulfing candle but the RSI is on the other side of 50, that's not a strong enough signal to enter a trade. Price will either move sideways or opposite how it appears that price action is moving. See the yellow arrows and lines for these. It's best to avoid opening trades during these events.
Now, it appears that we're seeing some bullish price action happening, but we also have some gnarly RSI divergence, paired with the fact that the RSI is just barely pushing above 50 on the sequential engulfing candles. It's my opinion based on these two conditions we're currently seeing that we will see a brief increase in price, for ETH this should be to about $2000-ish. After which a quick sell-off will drop the price to the bottom and likely below the current long-term liquidity zone for a major accumulation event that will likely be the catalyst for the next bull run.
I would expect this large accumulation to take place in April, and although this is where most whales will pick up their bags which they will eventually sell at the height of the next bull run, I wouldn't expect the bull run to happen immediately. After accumulation, there's a good chance we'll trade sideways somewhere around the current levels for most blue chip currencies.
This might not be financial advice, but hopefully you have a good and simple framework for which to quickly analyze the state of a market using just price action and RSI!
Cheers,
_heyJonBray
USDJPY accumulation in a trading rangeWe may have seen a low volume spring on the USDJPY today too.
If you had the capital and the tolerance for holding risk over the weekend, this may be the trade for you.
However, if this is an accumulation phase, this is the start of a new bull leg higher. So buying pullbacks will be the way to get in on the action next week.
Patience is a virtue and initializing a trade this late on a Friday is never a way to have a peaceful weekend. Better to come in next week and identify a rising trend.
Uncovering Wyckoff Accumulation Secret PatternWyckoff Accumulation & Distribution is a trading strategy that was developed by Richard Wyckoff in the early 1900s. It is based on the premise that markets move in cycles and that traders may recognize and use these cycles.
In accumulation phase Wyckoff strategy involves identifying a Trading Range where buyers are accumulating shares of a stock before it moves higher. This allows traders to enter into positions at lower prices and benefit from the eventual price increase. Wyckoff Accumulation is an effective way for traders and investors to gain on market movements and make profits from their trades.
The Wyckoff Trading Ranges feature a chart pattern called Descending Wedge. This pattern involves two trendlines, one falling and one rising, which converge to form a wedge shape.
This pattern indicates that the price of an asset is likely to break out in the direction of the falling trendline.
In my understanding, "Continuous Weakness" means a shift away from selling towards buying. Sellers fail to hold the pressure, so buyers take the lead leading in D,E: MARKUP phases.
Kind regards
Artem Shevelev
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One of the biggest accumulation phases in crypto historySecond test after the Spring phase done. This will get way higher than 50$. But yes, it will take time. Expect some violent moves. And I would not sell on the way up, this will go sideways at most during the re-accumulation ranges and people will FOMO hard after the 8$ resistance is broken.