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Accumulation

Darkest Hour Is Just Before The Dawn!Are we surprised? Here are the exact words from my last post: We still have few more days and an unexpected shakeout is possible before the final move, perhaps on Friday may be? It came a day earlier, but i think it was still a good call. This is why i had my manual stop loss and TOTT ready in place. This time i've front-run TOTT and i'm taking my second short after the SC bounce. The SC - AR trades are the easiest to take in my opinion. Even i can take it :) They define the top and bottom of the trading range. So, now we have this new range bound condition, a possible wycoff accumulation with a spring down to 61-62k where everybody will start screaming bear market. That is when the new rally starts. Because Darkest Hour Is Just Before The Dawn! As always, trade safe and use the f**ing stop loss!
by BitcoinMillio18
17
cycle on the 15min, but also on dailyI do expect a move up to 70k, but I need a break of 67k on SOS to consider it . Unless it goes back under 58k on mad supply, What I could expect next is a retracement back of the daily-weekly actual accumulation. So as I stated, retracement testing back the last support of the accumulation cycle is what I expect next before it would break upward, since demand have been calming down for now. Which would be even better since it could give better entries on a nice dip forming on light supply, giving a great stop loss. Considering the heavy demand that has emerged, a retracement to 65.7k as first area to consider & and light supply showing there would be a good place to initiate positions. for a nice scalp long to 66k . { But what I could suspect is another move to 66k, then a real retracement back to 63k-64k, which a break under 65k-65.2k would be a sign of what it is doing, has to be monitored..} WHICH IS ALSO WHY STAYING CAREFUL AND MONITORING ANY LONG CURRENT POSITIONS, remains extremely important right now. From where I could at least expect another touch of 66k next before it could retrace lower; Re-accumulation on the 15 minutes Will be updated as it moves. Daily Weekly Monthly
COINBASE:BTCUSDLong
by bibsz
5
Phase C accumulation Seeing a accumulation cycle brewing , and would need a break upside 1.157 & light supply when it does to confirm that we are in fact leaving the cycle, and start aiming at 1.25.-1.35 as next target area. But as for now, as I see it only being into the phase C of the cycle, I would expect more testing of the 1.02-1.05, testing the spring, as next movement. And test of the it on light supply would mean a successful spring, and that next could give some nice LPS’s opportunities. 4hours Weekly Monthly Price will be updated as it moves more, and give more sign of the supply/demand weight.
KRAKEN:XRPUSDShort
by bibsz
CHFJPY - Looking for a bounce off 123.300 DEAD from support zoneHi everyone! I am looking at a support zone entry for this pair. CHFJPY BUY LIMIT @ 123.300 Stop Loss: 123.255 (Add Spread) TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In) TP 2 (3R): 123.432 (20%) TP 3 (5R): 123.520 (20%) TP 4 (10R): 123.741 (20%) Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
Long
by lakishnarayan
This Rally Ends At 64kHi all, The hidden wyckoff accumulation on the lower level timeframes played out well and Bitcoin successfully exited the range to the upside. Now that we are in the markup phase, slowly marching towards all time highs, there are important levels that i think will end this uptrend and give us a pull back. Resistance is the fib 0.618 / 0.66 zone at 64.139 / 64.453 If we assume the rejection at that levels, then the pull back would be at 61k level. So, take your profits along the way to buy back lower. As always, trade safe!
by BitcoinMillio18
16
Hidden Accumulation At 60kHi all, Bitcoin rejected from 67k, 1k shy from my previous target. TOTT kicked me out at 63152.65 as i tweeted in real time. Nice catch so far, but i should have taken profits earlier before TOTT, next time i'll do that. As per technicals, 8 hours in to the weekly close, Bitcoin is trading right below the weekly open at 61532.17 forming a doji candle. This looks bearish and suggests more downside, however we have an accumulation type structure above 60k that suggests the opposite! If we break above 61.530, our next target will be 69-70k and we may get another reaction there where i'll be looking to take profits! To the downside, 60k is holding as an important level where the point of control is. If it breaks below 60k, our next target will be 56.550 per the weekly 0.382 fib levels. I'm back in 30% at 60k based on this accumulation type structure. The rest will be TOTT's call. As always, trade safe!
Long
by BitcoinMillio18
20