BTC might see 50k levels in near futureI know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line.
One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current levels are avg price for the most big players when the price ends up really going to 50k
I can't speak on time required for this but I estimate at least 4-5 months.
Accumulation
XTZ - Tezos. The Next BIG thing!? XTZ Tezos, the self-amending cryptographic ledger now has been backed by the biggest stable coin USDT.
This will help XTZ succeed further more. Tezos fundamentals are very strong as its already ahead of the POS competition.
"Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency."
"Big cryptocurrency exchanges such as Binance and Coinbase have also unveiled support for Tezos staking, meaning users can receive rewards based on the XTZ that they hold. This is not a feature that’s seen too widely across digital assets."
"Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers."
If Tezos can bounce from this support and consolidate. It may be the next BIG thing long term.
My future price target is - 30.00 approx.
Bigger Picture NVAX Projection - UpdateUpdate from post yesterday - obviously the manufacturing news killed momentum so taking this opportunity to roll to July expiration and add some lower strikes at a discount.
- Chart indicates a symmetrical triangle breakdown into support. DMI suggests accumulation, this will be the spring.
- Expecting yellow path to play out as price trajectory. Forming an impulse wave that takes it right through the equilibrium point where supply = demand at the intersection of support and resistance from the triangle.
- initial target around 70 but will need to give this some time to unfold.
- mid term I see this going to triple digits easy (by end of 2022 - that is conservative)
NVAX has done this every pandemic {pop to 300s, sell off to 40s, re-accumulate and take it back into the 100s... rinse and repeat}
Sincerely,
Covid-19
HAL about to break out from a stage 2 baseHAL is showing incredible strength, with a cluster of RS before new highs and even after a day of significant selling, price still held the short term uptrend that also forms the handle in this cup and handle pattern. Over $42.60 and this stock sees new ATHs with just over a month to go before earnings; HAL has done well on the last 4 earnings and in this current market this looks likely to happen again. Volume has been contracting during this accumulation phase, but this stock looks ready for a strong next leg up
FLEX potential breakout from a stage 2 baseFLEX has shown good relative strength recently and looks like it's been under accumulation since April (see the yellow dots). Price filled the gap 2 days ago on good volume and yesterday saw a bullish looking inside day with a pocket pivot. If price can hold over $30.47 we could see a decent move to new ATHs
CNX over key pivot to reach ATHsCNX has shown great strength recently and broke over $23.33 pivot to hit new ATHs yesterday; volume has also increased, having shown volume dry up during the accumulation phase. The U/D ratio on this ticker is also good and suggestive of institutions buying this stock up.
AIR breaking out with volume.AIR has been under accumulation recently, forming a nice base with signs of institutional accumulation (pocket pivots, volume and price tightening) and yesterday broke the $52 pivot with big volume to reach ATHs. RS is strong and the cluster of RS before new highs prior to yesterday's breakout is a good sign that this could be a good time to enter for a decent move (no overhead resistance and a strong sector)
BTC IS IN ACCUMULATION ZONE!! WAIT PATIENTLY!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC has been in the accumulation zone for the last 28 days. It is in range-bound between $28-$32k. Once it breaks from this accumulation zone it will pump well.
It's also forming a symmetrical triangle-like pattern and currently, it is hovering near the lower trendline. It must bounce from here.
All we can do now is wait patiently and accumulate BTC and ETH.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
GNK breakout to ATHsGNK has seen a recent increase in volume and clear signs of accumulation in the last few months, in particular drifting price after pocket pivot signals in the volume indicator. This resulted in GNK breaking out to ATHs over the $26 pivot level yesterday. Relative strength is good and price is holding up well despite bearish market conditions. Look for price to hold over $26 with volume, which will confirm this previous resistance is now acting as support
$FBRT ready to move higher?* Coming up on the right side of its base
* Picking up on volume as it ascends in price
* Broke out of its inverse H&S pattern earlier and now is in a tight consolidation
* Three consecutive pocket pivots
* Forming a bull flag
Technicals:
Ticker: $FBRT
Sector: Real Estate - REIT - Mortgage
Relative Strength vs. Sector: 6.65
Relative Strength vs. SP500: 5.77
U/D Ratio: 1.91
Base Depth: 34.91%
Distance from breakout buy point: -4.67%
Volume 21.91% above its 15 day avg.
Trade idea:
* You can enter now as the price is still consolidating.
* Reason for entry is that the stock has been printing pocket pivots for the past three sessions in a row.
* This shows signs of accumulation which can also be seen in the high U/D ratio value.
* Manage risk accordingly
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.
V
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.
please support me for more useful subjects.
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