Accumulation
Wyckoff Accumulation 2 by EripedWyckoff idea based on Schematic no. 2.
Below 19300 till 18800 is around 120 Billions worth of long Liquidation which i belive they will protect it.
Also SPY and GOLD ale currently holding above previous Supports.
1 week of BTC range with alot of movement across the board is probably just preparing for something.
Bitcoin Volatility Index is at the bottom so I expect some Big moves for next week.
You can find alot of confluences across the board for BTC for Longs.
BTC/ USDT LONG Hello traders, in today's session I am waiting for the opportunity to buy Bitcoin
With the fracture of the re-accumulation zone
the reasons
Buyer Momentum Increasing
Correction wave fracture
Existence of demand areas
Price response to areas and the formation of accumulation and re-accumulation
Bitcoin Repeating Fractal from 2013 Low thru 2017 PeakIf you overlay the fractal from Bitcoin's own chart from mid-2013 to the end of the 2017 bull market, you get a very similar looking structure.
The vertical lines are depicting the peak RSI at the top of the 2017 bull run and in the 2021 bull run. Although we did not reach up to 98k, which is where the previous fractal would have taken us, I take this point as the "euphoric top."
Keeping that in mind I believe that the actual top of Bitcoin in 2021 is, in fact, acting as Bitcoin's structural retracement. If you overlay a FIB from the fractal's ATH from 2015 to the first initial profit take (June/July 2021), it would make the actual ATH a retracement between the 0.5% and 0.618% FIBs.
With that same peak, it would also give us an 82% crash from this hypothetical peak to trough, which I know a lot of chartists are waiting to see since it's what we've done in every bear market so far in Bitcoin's history.
I believe the bottom could very well be in and that we could be facing a long term accumulation period for the market as a whole.
Let me know what you guys think in your comments below.
Note: Not Financial Advice
WYCKOFF accumulation in processHT context: bearish to the target 0.83$
LT context: It needs to mitigate a daily supply zone before dropping again, in H1 we can see an accumulation schematic almost formed.
ENTRY 1: We can wait for a spring to clean up all the liquidity below the creek and then we can go long till the superior extreme of the range.
ENTRY 2: Wait for a retest after the JAC.
BTC market cycles...Anger or Depression Stage 4? Look up that infamous "Wall Street Cheat Sheet, psychology of a market cycle" diagram
The 4th stage is the markdown and downtrend. In the very first cycle it looks pretty textbook where stage 1 is a consolidation box but crypto does crypto things...by the time COVID came the stage 4 into stage 1 is a WIDE and volatile type of consolidation which lead to the 2nd markup to ATHs.
This year we have inflation, another macro event! Stage 4 into a theoretical stage 1 could end up doing the same, it's definitely not clear cut or this stage extends further down first before a basing type of consolidation. But...the clue is to watch the 40 ma cross/rejection and what happens on this broadening pattern. A clear cross on the ma and pattern break could signal a new stage 1 (can have intermediate steps) in which a new set of unpredictable and volatile patterns form!
Btw this is speculative. I could redraw this as well and this could very well still be gigantic top on stage 3 (like cycle 1 pattern breakdown, this entire top here could also be a larger broadening pattern with a failed breakout) But I am looking at it in terms of smaller cycles and patterns but I will keep updating this analysis on it.
*** currently ***
1. bear flag
2. 3rd touch on broadening support bounce
3. price moving towards the 40ma
4. will it swing up to test resistance?
5. what/when/if will the next stage 1 base look like?
6. the last cycle just take notice the wide and sideways 1a/1b I pointed out.
7. last cycle lasted 700d, I duplicated that period of time to current cycle.
What if it repeats and it lines up right to where the bear flag could hit (channel upwards) the resistance?
8. the 40 ma cross/reject will be something interesting to watch.
...past performance is not indicative of future results...but sure lines up nice!
BTC Wyckoff spring triggered by the ETH merge?Here's something I've been playing around with. The idea is that we're potentially almost at the end of an unusually short Wyckoff accumulation period. Coincidentally, then the spring would fit well with the time of the ETH merge. The merge could mean there's a lot of people that's playing the "buy the rumor, sell the news" game - potentially meaning a lot of gains will move from ETH into BTC and trigger the spring, signalling we're out of the bear market (semi-short term at least). I'm keeping an eye of the price range movements over this weekend to mid next week for a soft confirmation that we're in phase c.
$GOOG and GOOGLE serving us a big cup of tea, can you handle itBig cup & handle wyckoff accumulation schematic developing on GOOGLE!
This level is make it or break it.
$GOOG hasn't had the the most exciting price action lately but we could be in for a big surprise to the upside if it can hold this current level. Gaps to the upside.
IF NOT.. support levels are marked to the downside.
It's decision time.
eurusd in ranging market EURUSD has had a Break of structure recntly (highlighted in the chart with BOS) and now you can see that the price is creating higher lows.
The green zones are demand zones whereas the blue zone is supply zone, we need to wait a breakout of the supply before opening a long position with the base as a target.
Instead if price does not break eurusd will keep on ranging and could go down towards the demand zone, if the demand zone does not react the full scenario will be invalide.
Be patient and wait for the next move!
UBX acumulating?In range for 7 days. Waiting for a possible move. Set alerts for this one
Good luck traders
WYCKOFF analisysTHE CABLE 15 min chart analisys:
We can notice a possible accumulation range, we notice that the volumes are not high when the price reaches the resistance line and this means that the interest in selling is shrinking.
Now we should follow the price action, price could:
1 retest the support line and create another stronger spring (not likely)
2 moving up strongly and breaking the resistance ( we may consider to open a position ONLY if price retests the resistance line)
3 continuing the ranging market for the next 1-2 days ( in this case we SHOULD NOT open any long position because the accumulation scheme would have failed and it might be a redistributon).
Follow me and stay tuned!
The Italian trader
35%+ Upside following earningsNVDA has earnings this week and is completing its accumulation, should test 166 before the report but is in buy zone from 166-175. The semiconductors are bullish across the sector, most have completed their bullish cycles and will begin next wave at larger degree - this will take the market higher and on to new highs in early 2023.
NVDA expected price action:
- gap up toward 194-198 and continue to 207-217 by 9/9/2022
- retest breakout level/upper range of accumulation structure in upper 190s, then run to primary target of 230 by end of Sep. '22 (there is also a gap to fill there from a few months back. At this point its impulse trajectory will be clear and can get a new goal target (subwave 5, count not shown), est. 242-257 (another open gap at 257)
- Goal target and resistance is 280s by end of 2022
Stochastic RSI is very bullish and signals accumulation period is completed (or will complete around 166 - not required condition just estimate, it could markup from here). The markup will be activated above 191.
Posting an updated chart of my Wyckoff Accumulation ideaWe've probably reached the bottom on the 17'600 wick or have come very close to it. My proprietary risk metric allows for a minimum daily close of 16'400$, which we will potentially reach on a spring event in case this wyckoff accumulation plays out.
Previously: