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Accumulation

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!
COINBASE:BTCUSD
by kenloi
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.
BITSTAMP:BTCUSDLong
by virkot
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!
by Dragon_Investments
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
by Dragon_Investments
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.
NASDAQ:NVDALong
by JerryManders
10
BTCUSD- Accumulation phaseToday, we'll take a look at the CMF indicator with my own custom settings, which has been showing some interesting data since the inception of bitcoin . We entered an accumulation phase whenever we fell below the 0 line. Money began to flow back into the market after the accumulation. In general, we are accumulating near/below the zero line. Anything above 0.25 has been a fantastic take profit zone. Our first accumulation phase lasted 270 days in 2014/2015. -1174 days- Our second accumulation phase lasted 127 days in 2018/2019. -1235 days- We are now in our third accumulation phase. The question is, how long will this accumulation last??
BITSTAMP:BTCUSDLong
by SiDec
2
Monthly Bitcoin AnalysisHi, I hope you're doing well. On the monthly chart of Bitcoin and the analysis of its Accumulation/Distribution indicator, we can observe that the slope of the A/D line is showing some potential bottoming. Whenever the slope of EMA and SMA of the line turns positive, we can say the probability of the bitcoin bottom is very high. But all of this depends on the inflation rate of the US. If FOMC announces that the inflation is tamed and the rate goes down for the first time, a market switch could happen. Thanks for your time. Regards, Hashemi.
INDEX:BTCUSD
by rhawshemi
HUBS updateI posted the idea yesterday on turkey 101, here is the precise expectations: - drop to ~353 by mid next week, small bounce then continuation to the 332-340 range to complete wave 4 before August concludes - wave 5 will be around 438-456 and realized in December Cool company, among the most volatile names, went from 90 in Mar 2020 because of covid to 860s in 1.5 years - got discounted appropriately (perhaps over-discounted) and now investors have seen what it can do - earnings supported that and reaction was over exuberant, now need to retrace and will get bot up in the 330-350 range in coming weeks. meantime short it
NYSE:HUBSShort
by JerryManders
Should get InterestingI posted bigger picture bullish predictions for ETH end of June and July when it was under 1100 predicting a rally to 1700-1800 - my expectations then was derived from the accumulation structure I observed around the bottom and those were markup targets. At the time my upper resistance was 2333. Given the information contained in the price action since then I can now give more precise predictions near term: - Expecting an expanded flat (EF) to form here over the next few weeks that will provide a structure allowing attempted break of my adjusted resistance of 2265 at or around the intersection of the downtrend resistance (light red line) since November - More upside to 2012-2172 in the coming days before the A wave of the EF begins - the A wave will likely conclude in the upper 1600s - The B wave would then test the 2265 resistance for the first time and that will be expected to fail resulting in a rapid sell off to upper 1300s-low 1500s (wave C of the EF), which will complete the bullish impulse and subsequent corrective wave off the lows (I didn't draw in the count but we are currently in wave 5 (should conclude around 2012-2172)). This is just one scenario that is most likely based on my control charts and level mapping. - alternatively we go ahead and test the 2265 resistance from here and then begin a corrective wave (the levels will change slightly if so but essentially the drop would be from 2265 to 1300-1600 range, and then re-attempt breakout). - The common expectation I've seen is that this is something along the lines of bear market rally, and thats possible, however, the accumulation would not have been as strong as we've seen. Also, even if it is this latter case the overall market is over-shorted and a squeeze could unfold (or has already started) making my predictions still correct albeit for the wrong reasons. I haven't missed on ETH recently but we'll see. The black path is my expected projection.
FTX:ETHUSD
by JerryManders