AAVE shows the 1st sign of bullish reversalYesterday, there was high buying pressure (high volume) but the price raised only +0.96%, that's a good sign that large investors absorbed all crypto selling orders.
Bitcoin and Ethereum broke resistance zones in relatively high volume. Entire crypto market will follow soon.
I expect Aave will break above $170 tomorrow or in the next few days.
If you want a "safer" entry point wait the breakout above the bearish trend line.
Accumulation
NZD/JPY 4H Wyckoff 23:1 Risk to Reward RatioWyckoff Trading Method is amazing to understand the market and the big players who move the market. The idea is to understand when the market consolidates and wether it is in a distribution/re-distribution phase or accumulation/re-accumulation phase.
Wyckoff gives you a big Risk to Reward Ration if entered right.
In the NZD/JPY attached picture, the price consolidated and before it there was a change of character, there I have identified the PS (Point of Supply). Then the SC (Selling Climax) and AR (Automatic Rally) were identified alongside ST (Second Test) to mark the end of Phase A. Trading Ranges are identified by SC & AR.
Phase B had an Ultimate Thrust followed by an ST for Phase B.
Phase C is where the big players trick you into thinking the price will go down while in fact the want to push it up. That is called the Spring which is then followed by a Test. The Test usually happens to gather the hedge funds companies to join along.
Phase D is where we see Signs of Strength and could be followed by a Last Point of Supply for any companies to join along.
You could enter a trade in Phase C or Phase D only and you could even go on lower timeframes for better entries.
You have to have patiences when trading Wyckoff because you could have Re-accumulation instead of Accumulation. In our online courses, we'll teach you how you can identify the difference :)
Please share and support and let me know what you think in the comments section. Thanks !
Bitcoin accumulationOn chain data indicates that whales and small fish are buying.
Risk is in macro environment:
CPI is higher than expected
Rumors of Russia will invade Ukraine
I think the invasion rumors are bullshit.
FED minutes tomorrow, I doubt they will raise rates higher than the market expects them to (.25 or .5), so it might already be priced in.
Bitcoin is forming what might be an inverted head and shoulder.
If the pattern materializes, then the target is around $57000 in 21 days (half the duration of the inverted head and shoulder) with a probability of 83%.
I want to get in before pattern completion and tomorrow's potential volatility, which is arguably risky.
I am taking the risk because onchain data is very bullish.
JICPT| Tencent in the late stage of accumulationHello everyone. It's been a while since I published ideas regarding Tencent. After analyzing the global market to identify the sweet spot to park the assets for my client, Tencent again got my attention.
From the daily chart, we can see the key anchored level around HKD412 is well respected after massive sell-off with above the normal volume. In my opinion, Tencent is in the process of accumulation, perhaps, the late stage.
The upper boundary of the sideway channel is HKD515 to HKD528. I'm looking for big size candle with high volume to take over it.
By setting the alert, let's see how it reacts to the boundary this time. The next target after confirmed breakout is HKD644.
What do you think? Give me a like if you're with me.
XRP - The Trend Has Started To Reverse To The UpsideXRP has held the lows and with recent BTC pump it is safe to say that we have reversed from here. We could still hang out at these prices for a bit but not very long. I still expect prices to pause at certain trading ranges (colored boxes) but generally not for long as we have accumulated long enough to eventually expect parabolic rise of some kind.
I am not a financial advisor so none of these should be taken as a financial advise. Be well.
BINANCE:XRPUSDT
ADAUSD Accumulation and DivergenceImportant things to note:
BTC has swept the lows, yet there is no sign of a liquidation candle.
This leads me to believe there is no fuel and the open interest you see are FOMO shorts.
Since they are collaterized with stablecoins, this makes sense.
So like I said before, I believe we are at a bottom at 40k for BTC.
I also expect the bears to be punished next for their FOMOs.
There will likely be pain here and there, but I still believe we are going to range in 40-53k for awhile longer.
ADA has finally capitulated and broken support to test lower support.
ADA has a rather clear accumulation zone with bullish divergence.
I believe ADA will see a spring soon.
Important dates to note:
I will be adding the ADA upcoming events soon.
Hey everyone! If you are reading this and have not been shaken out, first let me say congratulations! Not many people make it this far. Overall, I still believe we are at the bottom of our range of 40-53k. We have swept the lows for BTC and yet there was no liquidation candle sending us to 32k. Even more, open interest has been climbing which leads me to believe these are FOMO shorts. Another reason is the contracts have been collateralized with stablecoins vs btc which is something you do when you are shorting. There is not much to see when it comes to on-chain data, no alarms, no top indications, nothing. So, I believe this whole China ban actually set us back a few months. I do not think crypto has recovered just yet. Now, for ADA we finally saw the capitulation that the rest of the alts say (especially ETH), by breaking its support and heading down. If you look at the structure of the blue box you will recognize this as an accumulation zone. All we need is a spring which I believe will come in the form of the bullish divergence we see on the chart. This will send the price up to test the resistance, hit a support and if all goes well, break past resistance. It is important to take every test one step at a time. Do not get ahead of yourself. Especially while BTC is trading in the "no mans land" zone. I will be updating my other charts with entries as well! Enjoy! Also, whoever sold their ADA to me this morning, thank you, I will see you again at the top! LOL. Thanks again everyone!
So, tell me what you think!
This is not financial advice. Do your own due diligence.
Accumulation now over?Price has been trading within this range for the better part of 2 months now. Most probably an accumulation after the markdown. We are almost about to rocket out of there.
Looking for the spring and a close within this range again and show signs of building support
Alternatively We look for the break and retest of the resistance for a continuation down the channel
Lets be real: the big picture (SPY)if you zoom out and really think about it we havent held a downtrend for long enough to say a broader bear market taking years to regain. even if it lasts less than 9 days, we have always bounced at accumulation levels such as this even during corona and the following recession. im not saying trust this as the bottom, but there is long money willing to make bull, and a temporary short squeeze is normal under these conditions. sunday there will likely be continued selling, but aiming for at least gap to close up is reasonable. after that, the magnitude and direction of volatility based on that move with fib auto trend extension will determine how far we will go in this last week of january. if we head down immediately, or we dont retrace enough to find a higher low, we could see further downside which, for the time being, is almost certain upside is almost certain as well. tutes, mm, smart money is going to play the oversold bounce game for a while when they find a place. we are entering an accumulative phase soon. this does not mean higher prices are guaranteed. accumulation means a sell climax is beginning. panic selling to new monthly lows is a contrarian buy for swing trades.
427 is a low target
434 is a pivot
437, 447 are high target
may the force be with you, always.
BITCOIN's Perfect WYCKOFF Pattern!Hey guys!
Hope all is well. These are sure times of uncertainty. Market crash? Recession? Supply Chain Issues? Collapse of Evergrande? Hyper Inflation? Central Bank Digital Currency? These are all factors deciding the market currently. Be patient - Bitcoin's rally's happen in a four year cycle. This is when emotions need to be taken out of the picture. We may see another couple of years of consolidation and accumulation before Bitcoin decides to rally again. I think we may see 20K next year as a spring for Bitcoin before the next rally - and mark my words, it will be a big one. We need a decentralised world, one where politicians can't control the supply of currency for self interest. Cryptocurrencies are the way, and it is for the people to decide.
I will keep updating this as we go, but for now - predictions on price action are silly.
Love, peace, Seb.
Bitcoin OlympicsLook at the similarities between both wyckoff accumulations.
The only thing that scares me is that all of crypto twitter expects this. crypto twitter might not be the best indicator, but media is a part of how the fear & greed index is messured so i think it's worth mentioning.
What i mean is that, if everyone expects it to drop towards $40,5k one last time, there will be so much liquidity below that level. This might cause large institutions or the composite man to send bitcoin below 40k towards lower imbalances or orderblocks...
CAD/CHF Update!As you can see, Wyckoff played out perfectly and moved up 270 pips from the test of the schematic which was shown in the post on December 15th! There was loads of opportunities for trades during this move up, because once you know the direction price wants to go, it is easier to find trades following the trend. I am now looking for a bigger correction for price to then move up even more.
Feel free to leave a like and a comment about the idea!
URA: Buying The Dip on Boomer StocksThis is the year for my boomer friends to buy the dip on their favorite long time value stocks and commodities. That being said, it appears we have Wyckoff Accumulation happening on Uranium. I'm noticing a lot of dip buying with Pleiades bands widening to the buy side while we are chopping sideways.
I could see one last shakeout (or Spring) to allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds into March.
Short Term downside shakeout targets
23, 22.72, 22.26, 21.60
Longer Term upside targets
27.60, 31.20, 35.11, 40.72
Catalysts
1.) Saudi Arabia to develop 'huge' uranium resources in energy diversity push
www.spglobal.com
2.) Demand from other countries may increase for energy alternatives as price for oil, natural gas, and other commodities keep going up with inflation.
school.stockcharts.com
www.world-nuclear.org