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Accumulation

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
Enel Chile SA 🧙Enel Chile SA is an electricity utility company, which through its subsidiaries and affiliates is engaged in the generation, transmission and distribution of electricity businesses in Chile. It operates through two segments including Generation Business and Distribution Business. The Generation Business Segment is comprised of a group of electricity companies that own electricity generating plants, whose energy is transmitted and distributed to end customers. The Distribution Reportable Segment is comprised of a group of electricity companies operating under a public utility concession. If you want not to miss ideas like this one,🎯 subscribe and press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NYSE:ENIC
by yura_trades
Bitcoin (BTC) Going to $20,000? Big $40,000 Resistance Many people believe we're heading back towards $20,000 but I see it differently. Bitcoin has spent less than 12 days trading under $25,000 after breaking its all time high of $20k on December 16th 2020. Compared to the 148 days of Bitcoin being recognized trading above $30,000. There's just not much support at those levels. Sure we can still drop below $30,000 but if we did it has become clear to me that Bitcoin trading below $30k has been aggressively accumulated. If companies such as Ark Invest and MicroStrategy publicly announced they've purchased more Bitcoin in between $30k -$40k I'm inclined to believe they'll go drunk off buying below $25k and all the other institutions swimming with them. We've hit heavy a heavy psychological resistance at $40,000 and we could be trading sideways between $30k -$40k for a period of time as we aim to get back above the 200 day moving average. I do not believe this is the start of a bear market but I do believe this will be another phase of accumulation at these levels. Much peace, love, health, and wealth.
COINBASE:BTCUSDLong
by peacefuljustin
BTC Wyckoff Accumulation This is my first time publishing an idea. I've been reading on bear patterns and came across "Wyckoff Acccumulation Schematic" on google images. I've attempted to forcast according to Wyckoffs schematic. I suggest googling it to compare it with what I've drawn. From my understanding, accumulation patterns precede a a large bullish momentum - so I see BTC resuming a strong bullish trend after June. Please comment on changes you would make to key points corresponding to Wyckoffs accumulation schematic
by THE-GERA