Market phases explained through ACS' graphA few days ago, I identified the different market phases through this company's graph: uptrend, distribution and downtrend, which could imply that the market is right now within the accumulation phase.
This phase is characterized by the price of these shares being lateral and, when this phase ends, a new trend will begin. Therefore, I consider that keeping an eye on this company can be interesting in order to identify the brand new trend as it starts, so that we can open positions in favour of it.
If we have a closer look at the last candles that have been drawn in this graph, we can appreciate that the price of these shares has recently tried to break the accumulation range downwards. Nevertheless, buyers have been strong enough as to not let sellers to. The uncertainty surrounding the price's future direction is still there, so we will keep on waiting until we observe a clear brekout.
Accumulation
GOLD GOLD reached towards daily, weekly demand zone, with positive COT report with net longs depicts the accumulation zone ready to blow up.
Viewing technically on LTF(4 hr) a bullish MACD & RSI divergence supports the view with a falling wedge formation.
Key levels mentioned on chart.
Trade with caution and trailing stop loss.
54 & 62-68As for now, where is see amp being into it's cycle, is into an accumulation on the shorter term, that is into a spring formation of the accumulation forming on the actual longer term/bigger picture.
So this re-accumulation, visible on the 4 hours;
Is the spring formation of the bigger accumulation amp is;
Here the advancement on the 4 hours that is the spring of the daily since I did write this a few hours ago;
Expecting a rise to .54, where is the upper range of the cycle forming into the daily spring, and a break upside this area on maintained demand, will tell me that price is moving forward into the daily accumulation, leaving it's spring. The 60 will be then considered but before moving higher I do expect some consolidation between .54 & .60, since a test of the spring is still needed, and more test of the zone within that range.
.68-.75 is something I consider on the longer term, and when price will give obvious sign that it is leaving it's big daily accumulation formation.
Not considering at test of lower zone unless it goes back under .46-.47 showing weakness
Weekly
Road to $2.25 :)I found this coin is very very undervalue and easy road to $2.25 ($20B mkt cap)! ANKR just broke out & reach .21 happened 3 days ago. Currently retesting at .15 which is great time to buy. Look at green circles between last January and today (Nov/Dec). So, this looks almost similar to last January and I hoping this could be happening any time soon :) BTW, this is NFA.
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.
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.
burger or shibHello traders.
we have a chart like shib chart here.seems burger is getting ready to start a sharp move.
as long as there is not a breakout to the downside I'm bullish.
you can see shib chart in below.
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.
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