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
Accumulation
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!
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