Accumulation
ALTCOIN Market via SOLANASOLANA is a good example of many Altcoins right now, what are we seeing and how do we position accordingly?
Proceed with caution. Poppa Bitcoin is not called King for no reason. A lot of altcoins are looking juicy indeed and even myself am tempted to dump my hard earned funds into many of them. ALTS are a different animal, DYOR and pick ones you believe in long-term that hopefully are not just meme-coins or something you saw on in an advert. Do a little research, what are people talking about currently? What's new on the market? What's shiny, new and exciting? For me the last time I discovered a gem was Solana at $3 and boy did I mess that one up. Live and learn, move on. Point is the methodology worked and will apply to the next one or get another opportunity on a gem you may have missed.
If you are DCA-ing, be ready to ride the dips and volatility especially when Bitcoin is undecided as far as direction goes. Many altcoins have already experienced bear markets themselves to-date, THETA and SOL as good examples.
I will say this, I don't believe crypto to be dead and so buying down in these areas produces significant points of opportunity, the 'bottom' in other words is 'Point of Maximum Financial Opportunity' - meaning the best possible point in time to bid a long-term position which will EVENTUALLY come.
I'm not saying we are there yet, but the time will come and I don't think anyone expected these low prices again so soon. My opinion is take advantage of it, don't miss the next cycle or get in before others do. Be patient, disciplined, build up positions and be ready to wait, if you're an investor.
Shorting around these levels would need to be short-term in my opinion, we've already dropped to the low of the lows and are starting to look for bottoms - not the best time to short for a swing trade IMO. Likely you'll be stopped out with a squeeze or just chop up your stack. Being in stables on the sideline is short enough for me currently, waiting for the moment you wake up and it's clear there has been a reversal.
Position yourself for the future.
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BITCOIN - EVERY BEAR MARKET IS ACCUMULATION MARKETFor now we can see specific range intact as we could have seen in 2018-2020 bear market. The whole cycle is closed in huge channel pattern and for no it looks like we are going to touch median line for the first time from the upside. If this will hold I can see chance to get our bottom and possible spring reaction ending our expanded flat correction.
Relationship Between BTC.D and BTC price and Altcoin priceshello friends today i want to tell you how can you peredict altcoins behavaior according to the
bitcoin price and bitcoin dominance.
so come with me to say you how it works:
liek you can see in below chart :
if BTC price increase and BTC .D( Bitcoin Dominance) increase too ====> Altcoins price decreases.
if BTC price decrease and BTC .D increase ====> Altcoins price Dump and decrase heavy.this is dump phase.
if BTC price go sidewalk(without up or down) and BTC .D increase ====>Altcoins price dont change and this is accumulation phase.
if BTC price increase and BTC .D decrease ====> Altcoins price increase quickly and this is altseason.
if BTC price decrease and BTC .D decrase too ====> Altcoins prices go sideways.
if BTC price go sidewalk and BTC .D decrease ====> Altcoins prices increase.
hope this article be useful for you.
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thanks friends.
ETHEREUM - 2016 REACCUMULATION PATTERN REPEATS?While everybody over and over keeps repeating that this cycle is "different" we had exacly same pattern of reaccumulation scheme on ETH in 2016 before a start of one year parabolic grows.
Actual "expanded flat" looks pretty much the same as that one in 2016. Let's see how it goes.
ATOM/USD 1D. The situation right now on the coin.#ATOM/USD 1D Binance. Updated the coin idea. I made a "global" analysis and described the situation for you.
Now I will describe it in text here. Pay attention to the interesting name of the coin - COSMOS (ATOM) . Here is an analogy similar to Terra (Luna). I think everything is clear here. The cosmos is big, the Atom is small (the particle that makes up the Cosmos and our material world as a whole). Hyperlink left the project page in CoinMarketCap.
This coin has been in accumulation since 2019 (history from the Binance exchange chart). Accumulation ~ 2 years.
After accumulation, an impulse occurred, the distribution began exactly near the accumulation goal (the average distribution price is the exact accumulation goal). Showed on the graph.
Also note how clearly the price "respected" (that is, reacted) to this level afterwards (a clear retest when breaking the distribution). I also painted it on the chart.
After leaving the accumulation, a large horizontal channel began to form (shown on the chart). Similar to Bitcoin (consolidation/sideways with lower and upper boundaries).
After the distribution in this horizontal channel (shown on the chart - Distribution), the price has clearly reached the goal of this distribution (also displayed on the chart).
An ascending triangle (rising lows and a flat top) was also formed in this large channel, which was subsequently broken down.
If this triangle works out, its goals are shown on the chart.
It is also worth noting that from the minimums of the accumulation, an upward trendline (purple) began to form, which was very jewelerishly broken down just when leaving the accumulation. There was a retest of this trendline.
All this is shown on the chart.
After the breakout and retest of the ascending trendline from the bottom up, a descending trend of the secondary trend began to form (red on the chart, also designated it - the secondary trend line).
If there is a breakdown of this trend - a reversal of the secondary trend to an upward one (breakout + the proof of breakout / retest).
Now the price is consolidating in a small range at the lower border of the large horizontal channel (possibly a repeat as in the summer of 2021). Pay attention to this point on the chart.
The price from the average values of a large accumulation is still at a good profit (now 155% as shown). That is, those who have accumulated are still in the black. Therefore, there is still a place to sell.
Also note that the volume gradually began to appear. And what this volume was at the peak of the fall (capitulation).
Potential levels from below as well as from above are shown on the chart.
COTI Daily Analysis 5.28.22COTI is still in a trading range (Sideway) and does not follow any specific trend and we have to wait for strong movement. If each side of the trading range breaks then we will form a new direction. Keep eye on COTI.
This Analysis will be updated.
analyzed by Hossein
5.28.2022
BTC-USDT(Accumulation zone-Wyckoff Method)
Accumulation schematics by Wyckoff represents a primary model for accumulation(coin collection).it works to represent and examine the accumulation process.Besides,accumulation schematics also provide important phases to guide us through the trading position.
Phase A:
Indicates the pause of the downtrend(trading range).Till this point,supply remains dominat,which is witnessed in a decrease in coin prices for a short time accompanied by a heavy trading volume .You can see these events on price charts where heavy volumes are visible due to large tranfers of coins by the traders.here selling pressure also results in a slow downtend and an increased trading volume indicates the beginning of this phase.
Phase B:
this phase is based on Wyccoffs law cause and effect,as it is normally seen as a cause that results in an effect.The composite man gathers the highest volume of coins during phase B.During this stage,the market tests both support and resistance levels of trading range(TR).In simple terms,the price changes are wild and affected by higher volumes.Eventually,when the supply of coins is exhausted,the coin is ready to switch to phase C.
Phase C:
During face C, spring (shakeout)the price below the support level og the trading range quickly reverses and moves back into the trading range.You can consider spring as a period of the coin below the support zone to attract traders and investors.Its a final attempt to purchase the coin at the lowest rates before the rates rise again.its also notable that the bear trap attracts inexperienced investors to sell coins at low rates and wait the dump which evantually does not occur and price instead rise from that point without actually reaching that dumping point.In simple terms, spring (shakeout)is not always useful as trading volume remains unpredictable.
Phase D:
This phase is a transition between cause and effect,as its stands between phase C accumulation zone and the breakout of the trading range phase E.During phase D,an investor should keep the dominating demand over supply under consideration.During this phase ,the price rises to the top of trading range,you should strictly follow the potential dominance of demand over supply,the price normally moves to the top of the trading range and last point support provides excellant platforms for making a hefty profit.However,it is also notable that there can be more than one point where a downtrend is excpected to be paused due to an increased buying demand(last point support)phase D.
Phase E:
Is the final stage in which the coin leaves the trading range and demand comes in action.You can observe some typical reactions during these phases,such as most investors temporarily quitting their coins.
$STRN Watching for breakout Nice bottoming pattern IMO, looking for breakout with volume over $2.3 to add to starter long.
Smells like accumulation
My XRP perspective my long term!!!I found out a possible big accumulation for the next years in XRP to take in your eyes!!!
Because as we look, we're in the bear market that I suppose a crash to $0.22 cents.
I planning to buy a massive amount of XRP coins to hold and make a compound interest by long term. Because I see in the future a good opportunity that I can't to miss in this cryptocurrency
I hope that this idea support you!!! I consider the monthly timeframe to logn term, but I'm in short in weekly and Daily as XRP has a bearish perspective to reach $0.22 cents.
BTC Mid-Term 22' Forecast (Fibonacci Analysis) Base Case:
BTC will consolidate for the duration of Q2 as the FED are set to rate hikes in June, July & possibly in August/September this year. BTC will look to break out of consolidation in early September (09/12) and mid-October (10/15) towards the $57,000 handle by Q3-Q4 22'.
Idea (Long):
Entry: $27,000.00
Price Target: $57,000.00
Date Target: Q3 22'
Still hope for Bitcoin?Well…Bitcoin is for four days below the accumulation structure. Yes, till some days ago it was an accumulation structure. On-chain metrics confirmed that.
As a reminder: Most whales whose sold their Bitcoins during the distribution between March and May 2021 didn’t buy them back at the bottoms.
The bull market between July and November, yes, was a bull trap. It’s complicated, I’ll explain it maybe some other time.
So, is still there any hope for BTC?
After the accumulation, I was expecting a quick bull rally to $50k or near the previous highs before the Hell. And that … was my most optimistic scenario for BTC.
This type of breakout of $34k - you can see in the chart - would be absolutely healthy under the appropriate conditions. Like no war, no pandemic, and the rest.
The longer the time BTC remains below $34k, the more bearish it becomes.
If we regain it quickly, we may see again $40k.
Todays candle (at least as it formed till the time of writing this) is bullish, in the short term of course. So, I expect at least a return to $34k in the next days.
For me, it’s not the right time to buy these dips. Market is highly volatile. It’s wise to wait for stability before making any decision.
Thanks for reading this!
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Not a financial advice. Always do your own research.
Potential AccumulationEURUSD - Potential Accumulation forming after mitigation, aiming for Liquidity
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* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.