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Accumulation

Update: Secondary Test Is Now HappenningHi all, In my previous analysis, secondary test occurred way above selling climax which was bugging me, now with the 15 months long term uptrend has broken and price is leaning towards $30k, i believe secondary test will actually happen now. So i've moved the secondary test event by 5 days. Note that this is the break of 15 months long uptrend, hence the secondary test took more than i expected. Next, I expect a bounce, following a rally towards $40-$45k next as per wyckoff events and step in to phase b of building a cause. There will be a secondary test in this phase, but it will be lower than the upcoming one in phase A according to wyckoff schematics. I believe $30k will hold, but i can be wrong. Therefore, don't rush for a long trade now, or be very cautious as we are in a bearish trend now. There's also a bearish flag formation here which suggests longer down trend towards $20k. So, never fire all your bullets on one trade. As always, stay safe.
by BitcoinMillio18
25
BTC Wyckoff Accumulation Phase D BeginsBTC has been consolidating for several weeks now after a very impulsive sell off caused by over-leveraged positions being liquidated. The consolidation was really just an accumulation period for the larger players wanting to get back into the market without pushing price up on themselves. Wyckoff Accumulation pattern 1 is playing out very, very well so far. Once price breaks out of Phase D into Phase E, what will cause price to continue higher is the once again over-leveraged short positions of all the people believing we're in a bear market. Someones gotta supply that liquidity. Glad its not me school.stockcharts.com
BITSTAMP:BTCUSDLong
by Saann
6
Short-Term Bearish/Long-Term Bullish. GNRC Flashing Entry's GNRC isn't one to give great indication on when to enter, the good long term runners rarely do. Looking a little bit forward, GNRC flashing a potential accumulation set-up for another mark-up. My trade idea here is a break down into lower checks of support labeled on the chart between $308-$314 and $325-$330. -Accumulating an average of around $318-$320 would manage risk well based off of the potential moves into support.
NYSE:GNRC
by rickhubbard10
BCD. Using volume to notice ideal market behavior.Volume is in the foreground once again. One predictor of if a trend will continue, versus if price movement is a momentary aberration, is to see what volume is doing during rises and pullbacks. For us to say that the up-trending market action will continue it is ideal to see above average buyer volume on the leg candles (the large green/white candles) followed by decreasing relative volume at the same time that price is pulling back. What is the thing we are trying to avoid? If price makes a big green leg out candle then is immediately followed by equal or larger red selling volume, we might not have as much confidence that the rise in price will continue. We might even think that any proceeding pullback may actually be the start of a more coordinated downward push. In the example I have charted here you can see large buyer volume on the legging out, then dwindling volume on the the pullback. That's pretty much the gist of it. For bonus: You may or may not have the idea to check OBV (on balance volume) to determine if accumulation is occurring. The OBV here clearly shows that it is steadily rising in tandem with price. This tells us, at the very least, that this cryptocurrency is no longer in a period of distribution. At least for the present moment. ---- The same thing just flipped upside down is true for selling. You want to see large red volume bars followed by diminishing volume bars during the relief rally period. The best part about this is you don't have to take my word for it. I have searched through my libraries investment section, and read a portion of it. In my opinion (now you might have to take my word), the most useful book is "a beginners guide to day trading" second edition. by Toni Turner. It's just so frickin' simple and good in all the right ways. I had a strong foundation before I started reading it, but it's packed full of timeless trading material, and it reinforced and added on non-destructively to everything I already had acquired. Toni Turner clearly knows how to trade, and also how to make information highly absorbable. I'm grateful the result is a book.
BEducation
by emehoke
2
Gold Analysis - WyckoffHi Traders/Gamblers, This is by far my most intricate and detailed analysis of Gold following a distribution that took place a few months ago, as shown. We have hit our target area for gold as shown and stipulated. Following the DXY's downward it has since settled and seems to be consolidating giving signals of a reversal with a H&S as well as distribution taking place. This then means that gold is currently experiencing the opposite as it heavily relies on the USD to determine price action - DXY effects gold at around 2 - 6 times the movement (1% movement on DXY makes 2% - 6% on Gold, depending on sentiments and trend). Gold could be potentially distributing here as it has reached accumulation cause and effect, or Stage 1. We now wait for the other stages to be completed to fully confirm a downtrend which would see significant downward movement - possible into the 17xx or 16xx. This however could also be a re-accumulation into a further upward trend, giving us 2xxx, it is important to note that we could still see 1960 as a point of UT or UTAD before going down. RSI has broken upward trend and is currently bottomed out on Daily chart showing that we could range for a little more, however MACD is topped out and has crossed over signalling a reversing trend in the near future. Volume is decreasing, creating a base, showing an exhaustion of demand and buyers and the possibility for sellers and supply to take over. With CPI being released tomorrow at 1:30pm (UCT) this will be a good indication of where the market will stray, we are hoping for a lower low giving us SOW and then retracing back up to give us a last point of supply before heading down. Once we have received the SOW and the LPS we will then be able to use the point and figure chart to determine a target objective based off of cause and effect. It has been said that Russia are wanting to dump the dollar and invest in euro and gold which could possibly mean that Russia will sell off their gold positions and look to add more at a cheaper rate of gold - emphasising again the significant downtrend we could see along with a big spike back up once target is reached. To read up on the Wyckoff method and the phases, stages as well as buying or selling signals read here: school.stockcharts.com Good luck. **This is not financial advice** Chart is made shareable by clicking this link: uk.tradingview.com
OANDA:XAUUSDShort
by Username_for_trading
4
VINO low float longI am still long vino from 3.40s. Holding for 2-3x VINO 40 for 1 split on nasdaq uplist 7.5M float Insane levels of accumulation. Tumin Stone Capital is the offering buyer (owned by 3i) Offering due to close anyday now...been seeing huge institutional block buys coming in over the last few weeks. You looking for the next low float banger that is severely undervalued? This is probably you're best bet. Be careful of your risk sizing especially if you can't catch a dip. The spread is very wide most of the time....20c or more at times. Use precaution as obviously low floats can be very volatile. I have a sell order at $6, then $8, then the rest at $10. Goodluck.
VLong
by Todoubled23
7
Bitcoin How Low Can We Go? Heading To Heavy Accumulation Zone.First it was Elon Musk, then the China mining crackdown, then the Colonial Pipeline ransom, and now Donald Trump thinks Bitcoin is a scam oh no!!!! What's next on the Bitcoin punching bag? Overly optimistic when prices are high and overly pessimistic when prices are low is how our emotional psychology works plays against us. The lowest point I see Bitcoin potentially trading at is $27,500 at worse. Can we get below $30,000? Absolutely. But as I said previously I believe Bitcoin at these prices is going to get purchased up very fast especially if we drop below $30,000. Are we heading towards $20,000? I still don't believe so when a company like MicroStrategy goes $400 million into debt just to buy more Bitcoin at around $30,000. That's just my opinion though I could definitely be wrong. We're at the bottom of this channel and Bitcoin between $28,000 - $30,000 is a very hot buy zone. Don't let the media trick you into thinking that your Bitcoin is worthless or it's a scam. Bitcoin is here to stay and bring mathematical integrity to our current economic system. El Salvador just became the worlds first country to adopt Bitcoin as legal tender. Meaning that Bitcoin will be widely adopted by El Salvador to pay all forms of public and private debt within the country. My question is which countries will be next? We're probably going to have a choppy summer of sideways movement between $30k - $40k but don't worry. These prices will be another time we reflect and say "I wish would've purchased more." Much peace, love, health, and wealth! Always hodl and never sodl at a loss. We will get through this period.
COINBASE:BTCUSDLong
by peacefuljustin
1
Tellor (TRB) within ascending triangle; bullish breakout?Here's one of the charts that I have decided to share, among the few alts that I am presently treading alongside with BTC. Trading alts IMO is in a way trading BTC, with leverage, w/o the risk of being liquidated. Trading w-pattern breakouts within an ascending triangle. Waiting for breakout above the ascending triangle (thick solid green lines). Note: Measured move of the 2nd w-pattern is above the ascending triangle. Ichicloud *just* turning bullish on the 4 hourly. Cyber Ensemble already signaling a (S)ell signal again, with TD at a 9. TRB likely to at least come down to retest the dotted support line again. Breakout point at ca. 77 USD. Measured move target of the 3rd large w-pattern (highlighted by the blue line) breakout above at 108.8 USD. Measured move target of the ascending triangle breakout at 112.9 USD. --- Whether bullish move can be sustained will depend on BTC, see also:
COINBASE:TRBUSDLong
by cybernetwork
Wyckoff Accumulation Phase Schematic #1 According to me BTC will go to 39.5k before pulling back at the 100 EMA (4h), it will pullback to 38.8k which is at a level that is shown to fall on a Wyckoff Schematic, it is also at a level where the symmetrical triangle coincides. It will after that rebound to the 200 EMA (4h) price of around 43.5k which is also at the 21 weekly EMA, here there will be some resistance and it will pullback to the 0.382 daily fib level which is around 41.2k. From here on BTC will consolidate until bull run resumes. The Wycoff schematic was perfectly followed during the dip and now it is again so far following the accumulation phase of it so let's hope this is true and the bull run is not over!
Long
by hasaanshah19n
1