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Accumulation

BTC: Good times ahead?Bears have had it their way with the Bitcoin for well over a year now, as a result, the most popular crypto was brought down from sky-high prices to nearly under-ground levels in a matter of weeks. And it's probably gonna take months for this thing to completely recover and reach a new all-time high, if ever. But regardless of what happens in the distant future, current price-levels seem to be offering a great opportunity for those looking to accumulate Bitcoins in 2023. Here's a brief: - The price for the first time in months has found some respectable resistance(support in this case), and is gradually moving into a nice accumulation phase. This is where we can expect serious buyers to start creeping in to almost secretly take hefty positions at certain levels, neutralising the selling pressure and curb the trend over a period of time. - Accumulation can obviously go on for an extended period of time, given the strength of the down-trend and the kind of volume required to turn that around. I think we have just entered the same accumulation phase with Bitcoin too, and we can now expect a back and forth tussle between the buyers & the sellers, before one of the parties over-powers the other. - I'm in the favour of a trend reversal here, meaning my outlook is bullish towards Bitcoin, and that is mainly for two reasons: 1. Higher volumes in last six months or so, resulting in more frequent green candles, albeit narrow ranged ones. This indicates good absorption at recent levels, and a stronger intent from the buyers. 2. Given the volatile nature of the crypto market, this one offers a great upside potential with a manageable amount of risk. - Technical indicators aren't really giving any strong signals yet, though weekly RSI has moved up by about 50% in last month or so, we can expect it to cool down a few times before it actually locks in with ADX & Stochastic(I use these three in conjunction, but one should see similar convergence with other indicators too). Final Note: - This is just my personal opinion, please do not consider this as a financial advice. - This is a long-term trade, which can probably take several weeks to unfold. - Go slow & steady, mark your levels, and have fun hunting!
CME:BTC1!Long
by sudoMode
#DENT Wyckoff Based Analysis#Wyckoff Analysis for #DENT #DENTUSDT 3% risk 10-15% account gain Entry 0.001195 SL 0.000999 Target 0.0018-0.002 Perfect Wyckoff Based Chart If we see a SOS back above the range here it should do well. The price needs to get back above the Resistance defined by the "AR" Automatic Rally that followed the SC (Selling Climax), Once price has confirmed back above this area at 0.001235 we are very likely to start the next growth (Phase E) confirmed by another SOS (Sign of Strength) with high buying volume signature. See my related idea for a further understanding of the #Wyckoff method of analysis.
Long
by Worth_The_Ri5k
MATIC - Long term Wyckoff viiewTwo subsequent accumulation phases. First on chaotic with a poor volume profile, too short a Phase B and eventually an failed mark up phase, abandoned by the COs. Probably also caused by the various Black Swan events around the same time. Second (re) accumulation phase is more 'by the book' and if all goes well, we are already entering the markup phase after this most recent BUAC. We now need to see an impulsive move up on slowly expanding volume. As an aside: if on the 12hr chart the stochastic crosses below 20 (Please set D to 3 in the settings), there is a good chance of a bounce because either the bottom is in or close. This works only in an uptrend, not during a downtrend.
MLong
by henkybaby
Rangebound. But not for much longer!$BONK aka Bonk Inu has been moving within a tight range for a while - it was on the sidelines and dragged while Solana made it's price moves. Now that the market is feeling comfortable with it's recent bullish turn -- whether that is a long term bull trend reversal or simply a bear market rally is to be seen -- money will start to flow to coins that have few bagholders. Bonk was an airdrop and those who wanted to sell it have sold most likely, those that haven't are likely waiting for prices that we haven't seen yet. It's clear on the chart that somebody is buying up those airdrop for no less than ~$0.0000007777. The boring period does come to an end at some point, and when it does I'm betting the price will be marked up. Price has been in an accumulation / consolidation zone since January 11th when a large holder pulled their liquidity from Orca. Two resistance levels are shown on the chart - once Bonk blows past those, it's price discovery time. Do I hear "Bonk to $1!" in the distance?
Long
by secousa
10
ROKU Earnings: Not Bad But Not GreatROKU has an incomplete bottom ahead of its earnings report later this week. The technical patterns don't indicate a bad report, just not a great one. There is some accumulation and a shift of sentiment around the lows of the bottom formation, which are likely to provide support. It is unlikely that this stock would drop further than the Dark Pool Buy Zone unless it has a bad report. The company has struggled with Market Saturation for a while. Some strategic partnerships recently and in the future may be what the stock needs to stabilize here to eventually begin the next uptrend. Weekly chart showing strong long-term support for the current bottom formation:
NASDAQ:ROKU
by MarthaStokesCMT-TechniTrader
4
BTC - Final Boring Torturing Phase Before BreakoutAs we can see BTC is behaving very simmilary of what XRP did after the SEC lawsuit in 2020. Wyckoff accumulation pattern is almost done, we just have to go through last boring phase, which could drag quite some time. We could be doing a simple ABC correction. Its a phase where a lot of retail will sell, specially those that bought back in at this recent 24k high. Imagine if prices were to stay hoovering here till Sep., when most of retail tought we are already breaking out. For those who understand Wyckoff accumulation pattern, we are currently in SOS (Sign Of Strength) phase and are haeding to LPS (Last Point of Support) in an ABC style which could be as low as 18.3k so don't get scared if that happens. As far as ABC correction goes, we could be already be done with an A wave and are heading up a bit for a B, but i'm not shore about that as A wave could still be in the making. I am not expecting any violent breakdown as there are just to little long positions open as opposed to short ones. DISCLEMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by AVA37
2
GOOG: Bottom Completion FailureGOOG shows a failure to complete a bottom. The stock moved up and above the resistance level that needs to sustain to complete its bottom, but it failed to sustain the gains. This stock was part of the last New Tech Virtual Course I did, since it is developing several new technologies for its own use and to sell to other companies. AI is the big competition area right now, so GOOG may see added volatility this year as the market reacts to AI feature releases, as it did today. But the support range at the lows of this bottom formation is strong due to a Dark Pool Buy Zone that has been consistent.
NASDAQ:GOOG
by MarthaStokesCMT-TechniTrader
LPTUSDT breakout from the Accumulation Phase!The accumulation phase is a stage in the trading cycle where buyers are slowly and steadily accumulating an asset, often at lower prices. This process can be seen as a prelude to a larger bullish move, as the accumulation of assets by these buyers can lead to an increase in demand and push the price up. In the case of LPTUSDT, the recent breakout from an accumulation phase between daily structures signals the end of this phase and the start of a potential uptrend. The price is now testing the previous resistance as new support, and traders will be watching for any signs of new volume load to confirm the trend. According to Plancton's Rules, the target for the price could be in the 9.6$ area, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
6
BTCUSDT is in Accumulation phase below the resistanceThe accumulation phase refers to a period where traders and investors are slowly buying into an asset, creating demand and pushing the price higher. In the case of the market, it appears to be creating an accumulation phase below the 25k area, with the current price testing the 0.5 Fibonacci level as new resistance. Traders may be waiting for a breakout above the 24k level, which could indicate a continuation of the uptrend and signal a new high. The next target, as indicated, could be around 26k-27k. so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
8
BULLISH into BEARISH ScenarioTSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting) I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off Technical Bullish Patterns: 15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out) Daily: H&S Pattern measured move to 175-181 (close below ) Technical Bearishness: 1 hr - Bearish Divergence on RSI, MACD, STOCH 200 WMA: 167 currently oversold on BB bands Bearish Catalysts: -1/27 PCE Prices higher than expected -1/31 employment cost index higher than expected -1/31 Bad Tech earnings -2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market
NASDAQ:TSLA
by Black_Sheep1
1
BTC in wyckoff accumulation pattern$BTC at resistance... my original thesis by lightgray line (from Jul.2.), and the updated blue line. So I think we are in a Wyckoff accumulation pattern, and this is the final stage, if the next support test will success. Resistance : PSY leg & AR peak Support : spring leg & SC leg Next step : go testing support again ~19,5-20,5k, if we lucky, the test success at 21,5k, but I don't think so. And spring confirmed by volume, I think the bottom is in ( if the next test is success! )
by puttoAZ
Bitcoin, the BIG PICTUREFor those of you that have been following me and @Mayfair_Ventures there is nothing new yet apart from more evidence that our picture is correct. The Monthly and Weekly Elliott Waves shown are unchanged. We know that technically the Monthly is broken, but as we are not religious fundamentalist Elliotticians we don't mind. The new data we see in this picture is the high volume week (the highest ever) and the accumulation visible in Commitments of Traders data, seen in our CoT tool below. These two facts are new evidence of the big players accumulating ready for the next bull market in Crypto. For us, this is the start of the process, which may have some months to play out. It's just nice to see some more signs supporting our theory. Don't use margin to get long here. We expect further bumps in the road, and there will be more and higher probability opportunities along the way. If you are long cash like I am, then you can't get stopped out, and this new evidence gives confidence to add to longs as we get dips in the coming months. You can get the CoT tool for free by going to our website, and clicking "GET A FREE INDICATOR". CoT data is released weekly in arrears, so it's great for picking up long term changes in trends like this. Short-term we expect a series of rallies to clear out the shorts and get crypto twitter buzzing, followed by another dump to catch all the Youtube/Twitter influencers and their orbiters with their pants down. This market doesn't give anyone a smooth ride. Once everyone has given up, then it's rally time. Stay calm. I'm calm because I'm already long down here and can't get margin calls.
COINBASE:BTCUSDLong
by Paul_Varcoe
10