Bitcoin - Possible falling wedge - dip 51k - target 64kI think we might have a wedge being played. There are several supports at 51k: trend from July, 0.62 fibo and wedge support.
In my experience, you can expect a fake breakout too.
The decline to 51k will also mean a triple divergence of the RSI. The target is 64k.
Accumulation
FLUX/USDT Breakout !!!! Preparing for the next pumpFLUX made an almost 500% pump in the last month. Since the ATH made a 50% correction. FLUX has broken the downtrend twice after finding support at 0.786 fib and a strong support order block (confluence area - Yellow box). We can see a similar pattern in Kadena (KDA) where they both ride together. At this stage, we can see a massive accumulation happening (refer to the VPVR) before the mega pump. If FLUX pumps from here and breaks the current resistance around $2.3 we will see a new ATH soon. If the support doesn't hold we might see a bounce back from 50 EMA. Also, keep an eye on 21EMA acting as resistance in the short term.
This is not financial advice please DYOR. This is coin has great fundamentals recommended to accumulate for the long term.
BTC Price Action Update - ConsolidationThe price moves interestingly,
seems like it has trouble continuing a bullish movement right now - the price entered an equilibrium, in my opinion, it's a reaccumulation that will break strongly upward
I will break the stages down
1. SC - AR - ST - Small Correction:
Those created and completed Phase A - Stopping the previous trend:
the fact that the correction that came after the ST was very weak is a good sign - which brings me to the next point.
2. Upthrust
That Upthrust marks the beginning of Phase B - Building the cause:
the upthrust is very strong, it is made of relatively big green candles and small, hammerish red candles.
the fact that the price has strong support in the exact middle of the range is also positive - it shows that the channel is bullishly narrowed and that the interest in lower prices gets lower.
will update as the range develops
Bitcoin - possible accumulation at 54000$ zone - Wyckoff55200 is the key level. To stay below it is rather a continuation of declines. I have a short now with 55100 - after the weekend we should definitely drop to 54000 (cme gap). However, I think we have an accumulation of 54k and I expect a bottom exit to around 53k and a comeback. I even see the possibility of returning to the area of 64k. But now you have to watch the market closely because of this covid fud.
The current situation is dynamic, so be careful
Re-Accumulation is almost Over!This presentation is for informational and educational purposes only; it should not be construed as investment advice of any kind.
As mentioned in previous post, We expected prices to jump after the absorption of supply. We achieved our first and second targets (+31.5% , +50%); perhaps we may now move towards achieving the third target.
Re-accumulation process is nearly complete, maybe we are at the last stage before prices rise again as we have the rate of which short-term holders have been selling has decreased, while the rate that long-term holders are buying has increased.
We still need to see a bullish reversal candle to confirm entry; If this does not happen and the prices continue to go down, the trade will be considered invalidated.
So Are we about to “Jump the Creek” ?
Hidden Wyckoff Accumulation, Spring And Breakout Scenario!Hi all,
Latest price action showed wyckoff is not a pattern but a scheme. Lot's of non-text-book, incomplete distributions and accumulations and their twisting combinations occured, so i digged in to the idea of a bigger underlying structure of accumulation, right under the yearly resistance at 58k looked very much possible to me especially after many bullish w shaped bounces i mentioned in my previous post.
It's not text book, but the volume reveals the climactic action on PS and close to SC.
If Bitcoin was to dip below 50k, it would do it without warning! This is pretty much sideways trading range, a good sign of accumulation, yet to be confirmed by a spring, breakout and a strong rally.
Be prepared.
As always trade safe and use a stop loss & stop buy!
ARCS (ARX) is in 182 days consolidation.Hello Traders,
Today I am with another cryptocurrency which has more than 100 days consolidation. I think KUCOIN:ARXUSDT is in accumulation phase and I am expecting 600% return after it gives breakout from this long accumulation phase. Also it looks like ARX is forming double bottom pattern with second bottom is higher than first bottom. Leave your opinion in comment section.
Thank You.
YFII accumulationYFII daily chart shows a small hidden bull div with OBV.
This means that there has been accumulation even when price has trended down/sideways.
this wedge will probably breakup and break pretty strong. wait for breakout and ape.
Re-Accumulation Done: Start of the Bullish Movement?This presentation is for informational and educational purposes only; it should not be construed as investment advice of any kind.
A failed effort to go down on a low volume. It is a very positive sign of the fact that the market is about to start the bullish movement. We saw that the stopping volume entered in Point A and we saw it again in Point B where the volume was, perhaps, just a bit lower. Now we have to see a clear spring + test in Point C, where the volume is clearly low or a local increase. This means that there is no inflow of selling offers in this market. Thus, you should expect higher prices..
The market does not experience a lack of liquidity from the buyers’ side. There is no interest in lower levels. The further price increase in a combination with (not extreme) increase of the volume confirms the bullish mood of the market.
SUPER AccumulationBroke out of the downward channel. Check the enormous Volume last 2 weeks. If this is not accumulation then I don't know what is (see related idea). Re-test of the BUY ZONE 0.4-0.35 from above would be great opportunity to get in/add more.
Targets 1.48, 2.55 and 3.63.
Like👍, follow✒️, enjoy📺!
re-accumulation into the LPS of the accumulationThere's a lot of interesting stuff happening regarding btc formation right now, for started how there's a re-accumulation forming, that is also the LPS of the bigger accumulation cycle it is right now.
Basically what I think;
As for now, what I expect next is another touch of the 67k-69k, primarily because we are still upside the main support floor, which is the 58k-59k and also especially because price price is currently having an accumulation formation characteristic.
There's an accumulation right now forming, which 63k was the spring. But considering the selling pressure at 67k-69k, I need a break upside it to consider higher zones, since a retracement to 50k could happen anytime if demand don't increase.
As on the bigger TF reactions;
Daily
Weekly
Monthly
$AFMD Pump its been a while
reasons for pump:
after a long downtrend, price has formed a base above a 3 day demand block.
price has had a bullish reaction off a triple tap of support (triple bottom).
base looks to be accumulation with a bullish divergence on the daily RSI.
unusually high v
EMA's are beginning to turn upwards after much consolidation.
looking to play the expansion phase of this consolidation, with an entry at the retest upon breakout.
tp 1 = $8.47 (i expect higher)
tp 2 = $11.00
stop below 12 hr breaker
glhf
Bitcoin Black Friday Special Discount!Hi all,
Now that the distribution play has revealed itself, i'm looking for the mark down and completion of distribution following a reversal to the upside.
We had a similar but different distribution play last year early September and the pull back ended at Fib 0.5. If this profit taking and bonus collection of money managers repeat itself, we can expect a similar behaviour. A pull back of ~20%
That said, as much as i want to buy Bitcoin at 49k, the reversal of fib 0.5 is at 54.300 adjacent to previous markup range POC at 54.829. But the liquidation requires taking this level down and some more. At this point the previous top of last distribution perfectly matches a retest of this level at 52.666
This should happen within few days so a new accumulation range will be created which will magically complete by November 26th - The Black Friday.
This analog is from the previous disttribution and see how accumulation matches Black Friday. Amazing!
Let's see how it plays out!
Trade safe and use a stop loss!
10Y Bond Yield Bottomed?Every time I'm in doubt, I zoom out. The 10 year yield has been Consolidating in a channel for a while and it broke down and now is back in the channel. This is telling me rates may run up to at least the top of the channel around 3%. This will put pressure on the tech sector and high growth stocks. I believe the best place to be in this markets, is either out or the energy sector, the financial sector (banks) and consumer non-durables. I hope some of you see this and get on the right side. Good Luck!