Bitcoin - Bump & Run Reversal BottomWe probably left the accumulation zone. This is how a formation called "Bump & Run Reversal Bottom" was formed. The valid level is around 48,000. Below this level, it may break out of this formation. The 46,000 line is the most important - it supports the entire uptrend.
52,000 is a strong resistance, so at 52-53k there should be a consolidation.
At the 53,500 level, there is still a CME gap to be completed.
Accumulation
The Power of "Wyckoff Pattern"It is all in the chart Baby! This is a Long Term Trade.
March 2022, EOS will hit around 9 Dollars. After that, I predict it will hit All time high around Quarter 2. This is not Financial Advise.
This is base on Technical Analysis.
For Fundamental Analysis:
Negative Fundamentals - EOS will hover around the 2 - 3 dollars area. Seems to find that area as a bottom base on Negative FA and also the decrease of Bitcoin
Positive Fundamentals - All time high Around Quarter 1, continuing to Quarter 2. Max Potential is around 50-80 Dollars (LONG TERM)
BTC 4H Long - Wyckoff AccumulationWhile the whole world and all of CT seems bearish with sub-40K next, I'm seeing something different. While we may see new lows eventually, we have a nice accumulation on the 4H forming that will probably lead to a short squeeze bounce. The order block around 57K remains untouched since the giant drop with some inefficiencies on the way there. I see it hitting 55K at the very least before any new lows with a decent chance of hitting 56.5-57K.
Polygon Matic testing the last resistance before price discoveryPolygon is in an accumulation phase since the downfall in may 2021.
We are finally back up around previous all time high price ranges.
Bullish news came in that Uniswap is now live on Polygon which is bullish for the whole Ethereum ecosystem.
The RSI shows that we are in the middle of an accumulation phase and therefore its plausible that the final price breakout will occur in 2022 and not yet.
However, in the long run we only see upwards potential for matic.
Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation.
This is ok from an inflation standpoint.
If we go back around the 2$ level this coin looks like a strong buy.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
BTC Update !!!! What's next????A lot is going on with BTC at the moment. A common sentiment in the market is not looking great at the moment, and lots of people are starting to believe that we have already entered the bear market.
In my opinion, We are still in the bull cycle. Here is why?
Even though this correction was brutal, it is a very similar correction we have seen in May and September. We are still in the uptrend that started end of 2020 (Thick blue line). The market should be considered bearish if BTC breaks below 39-43k Support zone, which sits on top of the bullish trendline like a wall. Similar to May-June, we can see significant accumulation near the strong support (Green boxes) and 200 MA. The important thing to notice are the Yellow boxes shows the long accumulation during the dip.
Why I'm still bullish?
The current accumulation area (Yellow box) got major bullish confluence indicating a strong bullish signal. We have the strong support of around 39-43k, finding support around Fib 0.786 and bouncing at 200 MA. We have seen twice this year, whenever BTC crosses 200 MA we will see a massive pump follows after accumulation.
What's next?
BTC is currently stuck inside a bullish falling wedge (please zoom in to see the purple falling wedge) and downtrend (thin blue line). It should see a break out for the market to turn GREEN. This could happen if BTC finds support at fib and 200 MA or Correct even further towards 39-43k range to find major support.
Anything is possible until we see some clear confirmation such as -
Bullish - BTC pumps from this confluence area and break out of the falling wedge and downtrend line
Bearish - BTC dumps below 39k (Next major support is around 36k and 32k)
This is not financial advice, please DYOR. Please like and follow to support :)
Weekend Analysis + Market Re-cap This weeks video is me going over 3 potential trades this week
NZDCAD (Short)
AUDCAD (Short)
CADJPY (Long)
I break down exactly what I am looking for right down to the 15min/5min TF's
Hope you all have a great rest of your weekend, Christmas, and have a fantastic 2022
Take care
Ben
Is GBPNZD accumulation ? Wyckoff analysis todayGBPNZD was boken market structure to go upward.
This is quick analysis about GBPNZD today.
Now, i'd like to see price retrace back to "Backup"
Wait to see a confirmation before enter long positions to minimize risk.
Do you like this gold trading idea?
If you find the article useful and interesting, please leave a comment or engage to see more posts !
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Attention about this Gold analysis
React to price action based on specific trading plans, rather than predictions.
This is my personal idea and analysis, please just see it as an example for reference.
You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
This is a free blog sharing trading ideas.
Z Concepts is a forex and cryptocurrency trading strategy that combines Wyckoff, supply and demand , price action, and some other modern technical analysis .
Happy Trading !
EURUSD building cause for a big moveEURUSD looks like it is setting up to provide some great momentum heading into 2022. The daily and 4h timeframes are still showing bearish market structure forming lower highs and lower lows, however, price has now paused and started moving laterally at a weekly demand zone. This is key. Price action looks to have the classic features of an accumulation or distribution schematic where buyer and seller commitment is being tested at the highs and lows of the range. I see a cause for both a continuation of bearish momentum or for the higher time frame (weekly) to kick in meaning price could become bullish, at least in the short term. Either way, I'll be trading at the range extremes (highs and lows) and waiting for further developments over the coming days as to the longer term price direction. Interesting one to watch...
Bitcoin Long trade setup 1 hour chart 10 December 2021BINANCE:BTCUSDT
Bitcoin has been holding the 47k support zone nicely, I think we will stay in this range for a while and I'm planning on opening a long at around 47500 - 47800$ and sell at around 51000$.
ENTRY 47500 - 47800$
SL 46600$
TP 51000$
Risk/Reward ratio 3
2% loss if SL is hit
7% gain if TP is hit
AVAX Long and Short entry zonesBINANCE:AVAXUSDT
Today got back to analyzing some AVAX trade setups. I added the Long and Short entry points that are of my interest. I think we are done with dropping lower for now and will start trading sideways for the rest of the month before making another move upwards.
We could be in for a few boring weeks in the market but this is a good chance to build out your positions for the next move
Upper limit 147$
Lower limit 51$
Accumulation range 77$ - 110$
BTCUSD LIQUIDATED (CHART UPDATE)LOST IT ALL FOR GOOD NOW GOT LIQUIDATED OF MY LAST CAPITAL😌
IF this helps you out pls consider a donation Im sorry I just don't know what to do at this point.
Put the last of it into DENT 0.0058 entry got liquidated at 0.0043 bottomed out at 0.00395 on futures. Didnt anticipate BTC dropping below 46K and now I've got no capital and dont know what to tell my mum.
BTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
159F3K5sZYnAQC4qt929jkkXKfSgNmukbq ( BTC )
ETH: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20)
LTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
LdH9QfYsPYcjm5hAXfDQrS9Pmmr9QHu8Py (LTC)
USDT: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20)
TH6nuZUjRakTV7bA25Uk8AVZe5pLSSxMix (TRC20)
bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 (BEP2) -> MEMO: 106029441
I honestly appreciate all donations. Im really down bad. My first year and lost 90% of my capital. starting balance was $1000. learnt about leverage a month ago and got greedy with it. was going to use litecoin to make it all back but price didnt meet my entry now im stranded. The learning process has been gruesome but I've learnt the hard way. just need to figure out how to tell my mom i lost all her money. Panicking, dont normally do stuff like this but i dont know anyone so i resort to this. THANK YOU IN ADVANCE. Worth a shot.😥
Wait to buy GBPJPY at Quasimodo Level, Wyckoff methodWyckoff Analysis in Forex and optimize entry with QML (Quasimodo)
Potential to buy GBPJPY at Quasimodo Level.
Here's a confluence with Doji decision point.
Wait for confirmation to enter long positions
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Attention:
React to price action based on specific trading plans, rather than predictions.
This is my personal idea and analysis, please just see it as an example for reference.
You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
This is a free blog sharing trading ideas.
Z Concepts is a forex and cryptocurrency trading strategy that combines Wyckoff, supply and demand , price action, and some other modern technical analysis .
If you find the article useful and interesting, please leave a comment !
Bitcoin - possible falling wedge (update 29 nov idea)We went back to the wedge. Retailers have been capitulated. There is a spike volume which means a strong accumulation. It is difficult to say whether we will continue to consolidate at around 46-50k or whether the purchasing pressure among whales will pull us up quickly.
If the wedge is played, we should quickly return to 63k. Many retailers consider a drop below the 52k uptrend to be the "end of the bull market". In my opinion this is wrong, and it is up to the panicked retailers to buy back the bags.
I have certainly seen two 2-3 day accumulations recently. One at 54k around November 27th and at 49k three days ago. In my opinion, this is a sign of the upcoming further increases.
$EWCZ looks like it's accumulatingEWCZ Euro Wax Center appears to be accumulating after an ER drop (despite beating). Buyers keeping it above $26, I went long commons because I like the R/R and MACD bull cross / momo turning implying a move to the upside , also closed above 8 and 21 EMAs. Stop loss $25.9, first PT $30.
Waiting to long AUDUSD with 2 positionsDoes AUDUSD accumulate ?
Today, i'm waiting to long AUDUSD with 2 positions (EU session)
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Attention:
React to price action based on specific trading plans, rather than predictions.
This is my personal idea and analysis, please just see it as an example for reference.
You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
This is a free blog sharing trading ideas.
Z Concepts is a forex and cryptocurrency trading strategy that combines Wyckoff, supply and demand , price action, and some other modern technical analysis .
If you find the article useful and interesting, please leave a comment !
GOLD - Wyckoff Price Cycle!Hello TradingView Family, this is Richard, and if you like this idea, kindly support with a like or a comment.
I found GOLD chart as a great practical example of Wyckoff's Theory.
GOLD is overall bullish trading inside the brown channel and it is currently sitting around the lower bound/brown trendline acting as non-horizontal support.
So we are looking for trend-following buy setups. Unless of course, the bears manage to break below 1750, which would invalidate the idea.
As per Wyckoff Price Cycle, we are currently in an accumulation phase. For the Markup to start, we need the bulls to prove control by breaking the blue channel upward.
As per my trading plan:
I will be waiting for a third swing to form around the upper blue trendline to consider it valid and then buy on its break upward.
OR for a break above the blue trendline, then look for bullish reversal setup on its retest.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
36-38 againWas expecting a rise to 32, and now 38. I do want for sure a break upside 32 to consider 38, obviously. And also since I do expect some more testing that could happen around 31.2, and even back to 29.2, before it moves upward furthermore.
And I do expect a rise to 44 as well on a longer term, but these were my first target zones.
If there would be a break under 29.2, then it would mean 25-26, but for now buying interest has been consistent enough to not go play within that zone.
Weekly
Monthly
Update will be provided as this move through the cycle.
0.15- 0.17 IFLoving how it has been looking and how it does on the long-term.
I do expect a move upside to 0.15 as first target, and even 0.17 eventually. And a break upside 0.135 would be a good sign, that it is on it's way toward these areas.
What I am also waiting for, and would have rather happen then having it moving straight to upward zones, is a retracement to the 0.117 area, where light supply there would be a great place to initiate buys. { happening right now}
If a move back under the 0.97 would happen, I would expect it going back into the accumulation range that did form at the 0.74 floor.
Daily
Weekly
Monthly
LINAUSDT - Accumulation #2 versionPersonal opinion on LINAUSDT chart that looks to be in accumulation , recently markets have moved away from schematic #1 type wyckoff accumulation to the rising gradient #2 version.
First public idea. After 4 years on the sideline want to keep myself more accountable.