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.
Accumulation
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!
Remember investing is a probability game.
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Not a financial advice. Always do your own research.
Potential AccumulationEURUSD - Potential Accumulation forming after mitigation, aiming for Liquidity
Let me know your thoughts!
* 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.
XAUUSD Gold : Understanding recent 8 week price action! 28.4Hey guys!
Really important for me you read the text on chart to understand fully.
Accumulation phase means buyers are feeling out the market and price action is likely preparing for a breakout up.
Distribution phase means the buyers are offloading their stock, essentially taking profits, shorting traders also enter the market bringing price action down.
Usually, depending on the down-trend, there could be a re-distribution phase or two within the down-trend.
At the bottom of the down-trend we again have the accumulation phase initiate with potential upside breakout.
On the chart you will find real time review of the phases and bullish possibility is very valid supported by technical indications such as:
*RSI double bottom oversold
*Falling wedge pattern - consolidating highs and lows in a wedge shape down, bullish
*Connecting lows of the last 8 weeks
*Horizontal level of support
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BTC UPDATE #BTC update
As clearly plotted on the chart, we have printed lower lows since our last run on $48k. Since then we have had some tries at reversing the trend but we didn't manage to keep the higher highs.
We are now in a historical accumulation zone ranging from $37500 - $39100 and breaking the local structure can allow the price to test the descending trendline that has formed along the way of the downdrend.
For the moment we do not have any clear bullish signs and structures on high timeframes, we will need to continue to look at faster timeframes as 1h and 15minutes in order to find scalps.
What are we looking for to become bullish?
1 - Break the accumulation zone, plot a higher high, this would allow us to start thinking about longing on TF>15m
2 - Break the trendline - This would open the way on 4h based trades.
Fundamentals
FED messed the market once again, with an interest rate of 50BP , every time they make a rate hike announcement, the market goes into panic/paralysis.
Final word:
These levels look juicy and could potentially host a lot of ALTcoin portfolio entries, however keep in mind that we have no bullish confirmation yet.
Eeee that was dirtyPosted a recent idea on BTC nearing the final part of accumulation phase, mentioned the smaller time frames a good indicator of what’s to come on the daily time frame.
What’s in the way of 75k? 50k.. what’s in the way of 50k? 41 and 47k. Looks like they’re about to take out that 41k in style. Will be great if they do it before the market open tomorrow because SPY/QQQ will follow and JAC.
This idea alone is nothing more than a follow up from previous post, panning out as EXPECTED but still needs confirmation
NFA
BSEAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only educational purposes and not a trading recommendation.
Likely going to save the whole market next weekAccumulation. About to JAC
Can see same pattern at 1 minute interval if you look now it will give you a indication of what to expect in coming weeks at daily level.
Very similar end to phase D back in mid 2021 before it ran big.
Key levels near term are 37700 support, resistance at around 41k (will break easily I think). Then to 47k, 50k and will need to retest these as support before it really goes
Not financial advice. This is how shorts get burnt though, every post I’ve seen is missing the huge evidence unfolding that accumulation phase is finalizing.
If 37700 does break it has support around 34-36k and it those break I’ll become bearish to 29k.
Good signals for bull sideOn weekly chart, ADA has been swing in range 0.75 - 1.2
First, that's a positive divergence on RSI.
Second, ADA's made a hammer candle at 0.75 and seem it's retesting that level.
Third, seller's volume is draining.
And finally, ADA is coming to support zone in ascending channel. That's 0.382 Fibonacci Retracement.
ADA can down below 0.75 and bounce back to rally.
Unless, ADA might be down to 0.31.
What next, wait and see
Is FMG in a Livermore Accumulation Cylinder?So I'm most of the way through Jessie Livermore's classic books on audible Reminiscences of a Stock Operator & Jesse Livermore’s Methods of Trading in Stocks . Looking back at this FMG chart could this be considered a Livermore accumulation cylinder? Love to know your thoughts! Comment / Find me on Twitter.
Dark Pool Buy Zones™Some traders try to watch Level 2 data to discern when the large-lot orders come through to get an idea of when the big institutions are accumulating in the Dark Pools, but you really don’t need that. Plus, whether that’s accurate is questionable since Dark Pool transactions are reported way after they were transacted.
“Dark Pool buy zones” is a term I coined because Dark Pools use precise controlled orders that trigger automatically over extended periods of time. Since the Buy Side Institutions using the Dark Pools are primarily buying for the long term, price can sometimes drop down before moving up, creating a range in the price action, what I call “the buy zone.”
When you learn to recognize the Dark Pool Candlestick and Indicator Patterns, you can be ready for the bottom to develop and look for Dark Pool accumulation patterns to plan your trading.
Below is an example. Ford is still falling, but the Dark Pool buy zone support is close. I’ll be waiting to see how the bottom develops around that level before making my decision to trade.
Happy TechniTrading!
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SNX/USDT: Accumulation zone!As shown on chart SNX is trading near its confluence area, and forming a rounded bottom structure on daily time frame signifying the upside potential is good for the coin.
I'd say its good time to accumulate, if market will provide good liquidity this coin has further more potential.
Key levels mentioned on chart
CHFJPY continuation moveProbably one of my favorite pairs to trade because of the clean schematics it presents. We confirmed last week a re-accumulation by breaking the 135.600 area. I was waiting for price near the 133.800 area for evidence of buyers accumulating orders to continue CHFJPY`s massive bullish move. During London PA, we saw that evidence and on LTF`s the presence of yet another clean type 1 accumulation. My entry was based of my Slingshot area (re-accumlation) and the extreme of the type 1 as a test of my spring. Price gave a very nice reaction from my SC. My further expectation is now to play a test of the larger schematic with targets above 136.200. If price fails to make that high and instead trades lower, I will look for price to show the same signs around 131.500-132.500.
BTCUSDT accumulation zones Hello Everyone
I am seeing only 2 options at the moment, after the last run to 43k was easily stopped by bears.
We are now barely under 40k.. and I see 2 great bounce zones:
📌Either a bounce from 1st green square; $38200-36000 serving as the bottom of the blue bullish sequence that we have seen for the past 1.5 years.
📌Or a bounce from the more "bearish" red line, representing a global line going all the way from 2018 to 2022. Would still be considered a "healthy" correction by the way. These red lines line up around 29k, but to be sure we have our 5% cryptowallet buy ready at 31k (to not miss it).
27000-30000 is highly recommended for accumulating cryptocurrencies and we will probably add more than the 5% that we have planned now, if we reach it. (Also altcoins)
📍Since we are only 43% crypto after heavily selling crypto this week, like XMR in the peak ($283!!)
And BTC ETH after retesting our $40700 stop limits.. we can accumulate deeper once more. However, I hope we will reach ground soon.. and get a bullmarket. That is ofcourse still the best scenario for everyone of us.
#schedule is;
📍2% btc planned at 38200-37000
📍1% btc planned at 35000-36000
📍5% btc planned at 31000
📍X% altcoins planned at 31000-27000. Will be called by then.
📍10% btc buy planned at 22k for a "scam wick". (We plan to resell this 10% buy fast in the bounce to 25-29k)
And to kill time in the meantime + to make losses in the leg down as low as possible we try to do futures calls for damage control. Last week we did 3 succesful ones: APEUSDT short, XMR short and small BTC long at 40k. All 3 made us 10%+ profits.
Also we try to sell at every sudden spotcoin bounce, like our XMR holdings that hit $289. Fortunately we sold them all off right in time it seems 🔥
This way.. we can breathe during the whole bearmarket. And hopefully you are all patient enough to see a bullmarket come again with fully accumulated spot wallets to moon with. Remember that we haven't seen a decent altcoin season too for a couple of years. Some of guys haven't seen the hectic of the whole market just buying every coin in the top 500, just for the sake of "hasn't mooned yet". It's hilarious. Stick around with me, we'll see those days in the future together.
Hodl the line boys!