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Accumulation

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 unfair_advantage
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
Bitcoin Wyckoff Accumulation Schematic # 1 and # 2 - In Phase BHere I am exploring the Wyckoff Accumulation Schematics #1 or #2 and the market manipulation we are all feeling, with recent rejections from inverse head and shoulders patterns and institutional buying increasing are strong signs we are now in this schematic. Phase A played out beautifully with a Selling Climax at the bottom of the trading range and an Automatic Reaction (AR) defining a new key resistance level. BTC is is now in Phase B - defined by building a new "cause" where whales and institutional investors are buying and accumulating off of all the fear and FUD from the previous Wyckoff Distribution Schematic. We are already seeing positive news articles, green mining initiatives and overall more positive news in the cryptocurrency space. There is a potential for multiple ST's or Secondary Tests near the selling climax, which was quite dramatic around the $30,000 levels. Phase C we could see more sideways action or 1 final spring or shakeout as defined in the Wyckoff Accumulation Schematic #1. These present an excelling long / buy opportunity. A low volume test of support is preferred and can present an excelling long position. Also look out for LPS's, pull backs to support that were previously resistance. Phase D we should be looking for additional LPS's i.e. Last Points of Support to enter long positions. Testing the resistance lines and showing signs of strength. Phase E will be headed back towards all time highs with a price target around $58,000 and up. As time goes on we can jump into a new phase earlier or later than expected, phase lines may need to be adjusted but if this schematic continues to evolve be sure to follow and give this post a like as I will post updates along thew way if this continues to play out.
BINANCE:BTCUSDLong
by Flava4455
8
Bitcoin Out of Capitulation? Can we get back above 200 day MA.It wouldn't be cryptocurrency if we didn't have eye watering corrections like these. I guess this is the price we pay for having astronomical gains and cryptocurrency still being in its infancy stages as a market and technology. Its been blatantly clear that there has been a lot of institutional and whale buying during this market crash. I have a short term 1 hour channel of Bitcoins capitulation trend. We slightly broke out of the capitulation channel but we may re-test $35,000. Seems like we may have formed a double bottom but we'll see. We're trending back towards being over the 200 day moving average. These are good signs of recovery. A lot of other analyst are stating we're in a "dead cat bounce" and we may head towards the lower $20,000 levels. That's possible if we drop back below $30,000 but I see way more support and recognition above $30,000 than there is at the $20,000 level. Even if we did drop back to $20,000 most people would buy that up in a heart beat. This crash is driven by nothing more than fear and emotions because at the end of the day the fundamentals of Bitcoin remains the same. Just my opinions. Much peace, love, wealth, and health. And yes, I strengthened my family's Bitcoin and Ethereum positions this crash.
COINBASE:BTCUSDLong
by peacefuljustin
Shark's ETH UpdateAs a kid I had a dream of going to Wall Street. It really started with baseball cards and those becket books. Around the age of 11 the passion grew into tracking actual stocks. From 11-15 I had a paper route and each morning I would track the ticker symbol of interest while I folded the papers to go out to the neighborhood. I started reading any book I could get my hands on that would teach me more about trading. 21 years ago, one of the books that really peaked my interest was Jesse Livermore, Worlds Greatest Stock Trader. I must have read the book over 15 times. Though I have developed my own style of trading over the years, there is some influence from Jesse's thought processes perhaps from reading it so much early on in my life. One of his go to patterns was called an accumulation cylinder. Google jesse livermore accumulation cylinder and you can see some of his actual pics. With respect to Jesse's Famous widening mouth accumulation cylinder, here is my update on ETH. If this is to play out we must stay above $2,000 period. IF a break of $2,000 presents itself I will be looking to add and buy more ETH between $1,600-$1,700 right near the 200 day moving average. We are looking for validation that ETH wants to move up the cylinder by a critical break of $2500. If $2500 shows support this is also another great place to add to your positions. A successful break thru $3,000 is confirmation that we will be headed to touch the top of the cylinder. Be patient and let the indicators do the work for you. Remove the emotion and follow the chart. WIth this mindset you really are good with whatever direction it goes. If it goes up we keep making money if it breaks $2k we get excited about adding to our longterm positions. Swim with the Shark . Have an awesome weekend. BRONSON-TheSHARK
COINBASE:ETHUSDLong
by Bronson-TheShark
5
SFP 55% Move in the making SFP has been accumilating and is soon closing in on a break out of the apex for a 50% measured move . I have done a FIb Ext Pull to give us some potential targets to the upside and down although my bias at the present time is bullish . Just to note that BTC can destroy these setups with ALT coins very easily when volatile so pls have an idea of how BTC is trading first . Sideways BTC is the best breathing space for ALTS. My Target for this will be the 1-1 Extension as this aligns with our 55% measured move . Please ensure you know your Invalidation and use a SL Like and Follow me for regular setups ..Thanks for reading
Long
by SJTRADESFUTURES