BITCOIN 24-27K CRASH ?There is constant bearish pressure on Bitcoin, any bullish candle is weak and dips are still very severe.
EMA200 supports the price at 25K.
Bitcoin dominance is 42% and imo it needs atleast 50% to continue it's journey to 100K so crash is very likely with the things that are happening in economy / world right now.
However BTC price is now between ema50 & ema200 and by the past price action it's the best time to accumulate more BTC !
Bitcoin cycles are not what they used to be before 2018.
Now they last longer and are long lasting accumulations before the next parabolic move is on the way.
Accumulationzone
The King of ORACLE During the 2020 Bullmarket, Link was one of those Crypto that Exceed Expectation. From single digit to double digits.
Base on Technical analysis, if Bitcoin keeps dropping, Possible 40k, we might see Link going down to 12 - 14 dollars.
The Reset Areas are areas that Link has a low possibility of going there unless there is a GIANT CRASH.
If Bitcoin continues to 60-70k and so on, we can see Link going back to All time high and Beyond.
The Power of "Wyckoff Pattern"It is all in the chart Baby! This is a Long Term Trade.
March 2022, EOS will hit around 9 Dollars. After that, I predict it will hit All time high around Quarter 2. This is not Financial Advise.
This is base on Technical Analysis.
For Fundamental Analysis:
Negative Fundamentals - EOS will hover around the 2 - 3 dollars area. Seems to find that area as a bottom base on Negative FA and also the decrease of Bitcoin
Positive Fundamentals - All time high Around Quarter 1, continuing to Quarter 2. Max Potential is around 50-80 Dollars (LONG TERM)
Bitcoin at crucial support around 46k$ testing the 200 daily MABitcoin tests the 200MA at the same level we have the purple central line of the accumulation box indicated by the thick orange and bright green lines.
We are within this accumulation box for 241 days yet and holding the central line is important to stay within the upper bullish zone.
The current drop looks too steep for a long term trend and price volatility calmed down a little bit just above crucial support lines.
The RSI shows that we are just above 30 and currently in a downtrend indicated by the yellow line.
We expect Bitcoin to hold the 46k$ line, maybe consolidate a week, and move back up to the 60k$ levels.
This would result in a breakout of the yellow downtrend lines on the price and RSI chart.
Keep in mind that often times we feel doomed or the opposite invincible, this is the time we are wrong and reversals happen.
So ask yourself how you feel and what it means.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumbler
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.
$DKNG back in Accumulation Zone. Room to $30DraftKings, after another terrible earnings, looks to be falling below the neckline of a bearish head and shoulders pattern. It looks like there is room to $30, where we will likely see it bounce a bit and need a good catalyst before it gets over $40 again.
MoneySwap (MSWAP) is in more than 100 days consolidationMoneySwap (MSWAP) is in more than 100 days consolidation and anytime it may give big breakout. I am expecting 300% return after KUCOIN:MSWAPUSDT gives breakout from this long accumulation phase.
Be patient, as it may move side ways for couple of weeks before breakout. Longer is the consolidation/accumulation higher is the breakout.
Do leave your feedback in comment section.
Thank you.
BTC Update - It was An Accumulation all along, SOSMy mistake was not noticing the glitches in the futures,
I’ll be honest, it’s not the strongst Accumulation I’ve ever seen, and also it was a tricky range, I thought it was a distribution until the very end, but noticing the strong bull movement in the end made me to check again the chart and see the change of character in the end.
ADA ACCUMULATION PHASEAda is in complete accumulation phase.
Accumulation is to collect or increase the amount of something. Accumulation can refer more narrowly to increases in the position size of an asset that is built up over multiple transactions. Accumulation can also refer to the overall addition of positions to a portfolio.
In technical analysis , accumulation points to a general increase in buying activity in an asset. In this case, the asset is said to be "under accumulation" or "being accumulated."
Nickel Mines Limited made BTC huge gains with all the new plantsA NEW FORCE IN
GLOBAL NICKEL
Nickel Mines Limited (‘Nickel Mines’ or ‘the Company’) is an Australian public company emerging as a globally significant, low cost producer of nickel pig iron (‘NPI’), a key ingredient in the production of stainless steel.
Nickel Mines now holds 80% economic interests in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (‘RKEF’) plants producing NPI within the Indonesia Morowali Industrial Park (‘IMIP’). Nickel Mines also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine (‘Hengjaya Mine’), a large tonnage, high grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.
In 2021, Nickel Mines has also acquired a 50% interest (to be increased to 80%) in the Angel Nickel project, comprising of four 54 KVA RKEF lines and a 380MW power plant. Don't miss this opportunity.
Bitcoin form a double bottom; a bullish pattern!!!I find up a interesting and next trade that I will thinking that Bitcoin it's in the accumulation zone into the range $30,000 USD to $40,000 USD moving into this price range.
s3.tradingview.com
But if we look the Daily timeframe, Bitcoin could to forming a bullish divergence and the trend could be reversal in the trend. For that, note it. Into this range, we could to accumulating Bitcoin as big institutional are incoming to investing in Bitcoin.
Now, I hope long entry and Bitcoin going to the neckline of this double bottom to entry!!!
winter is coming?As we can see on the chart , there is a "dead crooss" happened in Ichimoku in weekly timeframe that is very important. like other dead crosses in this timeframe, we can expect a major correction (can be up to 90%). I think accumulation zone must be between 13k and 20k which is a good opportunity to have a good buy.
All of this depends that the "dead cross" confirmed. it means that we stay under 42k for the next 2 or 3 weeks.
Accumulation Area on BitcoinWhat Is the Accumulation Area?
The accumulation area on a price and volume chart is characterized by mostly sideways price movement, which is seen by investors or technical analysts as indicative of large institutional investors buying, or accumulating, a large number of shares over time.
This can be contrasted with the distribution zone, where institutional investors begin selling their actives. Being able to recognize whether an instrument is in the accumulation zone or the distribution zone is helpful to investing success. The goal is to buy in the accumulation area and sell in the distribution area.
Understanding the Accumulation Area
The accumulation area is important for investors to recognize when making buy and sell decisions. Experienced investors look for patterns indicating an instrument is either at a high point, low point, or somewhere in between. The goal is to determine if there is momentum in a price and in which direction. An instrument in the accumulation area may be about to break out. When a price doesn't fall below a certain price level, and moves in a sideways range for an extended period, this can be an indication to investors that the instrument is being accumulated by investors and as a result, will be moving up soon.
The accumulation area is just one form of charting. Charting is also used to identify what is known as the distribution zone, which may indicate that an instrument is nearing a selloff. Investors look for divergences between price fluctuations and trading volumes as key to their charting analysis.
It was a short review about accumulation areas and how to work with them.
Now according to the technical analysis there is a sideways trend with channel formation on Bitcoin pattern.
According to the information mentioned above this is the key level for Bitcoin price and after breaking support or resistance zone there will be a vision of future price movement.
Relying on the news background and restrictions imposed on working with cryptocurrency, their future may not be as bright as it seemed to us earlier
What do you think about this case and what are you palnning to do, dear crypto traders?
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And always remember: "we don't predict, we react".
DOGE short term analysis-DOGE forming a descending triangle layered with two floors,
-multiple strong supports make for good accumulation zones,
-RSI stabilized after trending down,
-flash crashes in the crypto market has proven the strength of the buyers over sellers,
-expect price to rise as volume increases.
PCZ of Gartley Hit with Bullish Breakout of a Diamond PatternDean Foods has been ranging for a long time at this levels and has recently been showing many bullish signs. I first shared this find a few weeks ago but today things have gotten even better for the bullish argument. We not only hit the PCZ of a Bullish Gartley; We Bounced much higher off of that PCZ, High Enough to Breakout of a long Standing Supply line of a Diamond pattern and now, the Stochastic RSI Seems to want to cross bullishly from the oversold levels after many weeks and months of waiting.
If in the next few days we can maintain the momentum we have on this monthly candle and close above this diamond's resistance then i believe that much higher levels will be just around the corner for this asset.
Bullish Gartley PCZ Reached; Time to Accumulate at Cheap PricesI will be putting an expendable amount of my portfolio into this name to accumulate shares at these prices as it's reached the PCZ of a Bullish Gartley and seems to have been very beaten down and is now dirt cheap and extremely oversold on the RSI.
Big Alert: Bitcoin could to go back to $55,000 USD in some hoursAt the moment, if you see, we form a bearish rising wedge, that it's a reversal of the trend, in that case it's turn bearish, but we see a little trade that we can to take advantage in it. If you find up a trade, noticed that Bitcoin have all chances to go back to $55,000 USD as Bitcoin it's forming this accumulation triangle simetric that point to $84,000 USD in medium term.
At the moment, I closed up my ong position in Bitcoin too, becuase Bitcoin it's look bearish and well, as I'm in others cryptos, we see that Bitcoin it's show us a short intersting position with a small SL of 2.50% Now, my next target will be $55,100 USD. Now, very important it's to look how Bitcoin move into this trade ad know the price action. Right now, as we confirm, you can to entry in the live market right now and put your short position with the SL around of $59,600 USD.
Now, looking in this timeframe, it's seems that Bitcoin form this accumulaton zone, that it's a simetric triangle in formation and most probably it's that Bitcoin need to make a little correction toward the $55,100 USD.
Guys, if you like my prediction, you can to share this analysis with others traders inmediately to others traders know the perspective of the market.
In my opinion, I like to trade cryptocurrency and I'd love it.