Uncovering Wyckoff Accumulation Secret PatternWyckoff Accumulation & Distribution is a trading strategy that was developed by Richard Wyckoff in the early 1900s. It is based on the premise that markets move in cycles and that traders may recognize and use these cycles.
In accumulation phase Wyckoff strategy involves identifying a Trading Range where buyers are accumulating shares of a stock before it moves higher. This allows traders to enter into positions at lower prices and benefit from the eventual price increase. Wyckoff Accumulation is an effective way for traders and investors to gain on market movements and make profits from their trades.
The Wyckoff Trading Ranges feature a chart pattern called Descending Wedge. This pattern involves two trendlines, one falling and one rising, which converge to form a wedge shape.
This pattern indicates that the price of an asset is likely to break out in the direction of the falling trendline.
In my understanding, "Continuous Weakness" means a shift away from selling towards buying. Sellers fail to hold the pressure, so buyers take the lead leading in D,E: MARKUP phases.
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Artem Shevelev
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ArShevelev /// BNB Crazy Big Triangle to Breakout!Binance holding nicely during whole bear market phase, and it seems like it will make another good profits for those who entering next bull phase!
$400 is a "musthave" expectations, realisticly prices could be much, much higher in 2025.
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Artem Crypto
ArShevelev /// Bitcoin's Decline is InevitableThe fact is that a lot of people just don't care about Bitcoin anymore. If you do a Google search for "Bitcoin," it will lead to 623 million results. But if you do a similar search for "bitcoin price," there are only 157 million results, and the vast majority of them are not important news articles or price analysis.
And the reason why Bitcoin prices remain stuck in sideways channels or breakdowns is because most people don't care about it anymore. Price action is boring.
They're waiting to see how much they can make by buying low and selling high, and they're not so concerned about the reality that such a purchase demands endurance and perseverance.
Most people are used to trading in 2022 on futures in a continuous downtrend, but now the time has come for a trend shift, and we see the movements altering each other up and down, causing the market to go sideways.
If there is a long-term buyer on bitcoin, I am confident that it will purchase quietly and change the public attention away from purchasing but towards selling. Remember that.
Things might change if the price goes below the 20600 level, which I believe is critical for momentum. Yet, if 20600 is broken, we will almost certainly witness a double bottom attempt.
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Artem Crypto
The Simpliest Math Behind Every Succesful TraderWhat exactly is risk management?
The ability to control your losses so that you do not lose all of your equity is referred to as risk management. This is a system that may be applied to everything that involves probabilities: trading, poker, blackjack, sports betting, and so on.
Many inexperienced traders underestimate the significance of risk management or don't understand the basics when it comes to risk management.
Would you risk $5,000 on every trade if you had a $10,000 trading account? Probably not. Because it only takes two consecutive losses in order to lose everything.
🧠 Now, let's imagine a thought experiment, in wich 🤩Alex and 🤨Peter are both traders with $10,000 in their accounts. Alex is a high-risk trader who puts $2500 risk on every trade. Peter is a cautious trader who puts $100 risk on every trade. Both apply a trading strategy that has a 50% success rate with an average risk-to-reward ratio of 1:2.
For good example, let's imagine the next 8 trades had the following results:
4 losing trades in a row
4 winning trades in a row
Here is the result for Alex: -$2,500, -$2,500, -$2,500, -$2,500 = -$10,000 Loss of the total account 😭😭😭😭
Here is the result for Peter: -$100, -$100, -$100, -$100, +$200, +$200, +$200, +$200 = +$800 Profits. 🏆 🏆 🏆 🏆
Can you tell the difference? See how risk management show the difference between being a profitable or losing trader. Peter managed to recover losing trades, and get into good profits after 8 trades. Alex didn't survive 4 trades...
🚨 You might have the finest trading strategy in the world, but if you don't manage how much you lose, you'll lose it all. It's only a matter of probability and time.
However, following this basic example will assist you to make your trading more profitable. Simply give it a shot.
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Artem Crypto
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ArShevelev /// Promising price action of the DASH during SummerThe Dash cryptocurrency has been steadily gaining in value since its launch in 2014.
Summer 2023 is set to be an exciting time for the DASH cryptocurrency. With the launch of the DashPay social payment app, I am are expecting a promising price action of the DASHUSDT. This will be a great opportunity for those looking to invest in cryptocurrency as DashPay app is expected to be a game-changer in the crypto space.
The DashPay promises to provide users with an easy and secure way to transact using all advantages of social networks. It also aims to make it easier for users to store, send, and receive dash. As more people become aware of this new app, it's likely that we'll see an increase in demand for DASHUSDT, leading to a promising price action during Summer 2023.
ArShevelev /// Bitcoin Key ZoneI like how bitcoin appears, and the current zone will reveal who is the most powerful in the game. The 20k level already has the interest. If this level fails, we will most likely see a drop to the 17-18k zone.
Given that the price may remain over 20k, it is highly possible that it will continue to rise, potentially exceeding 25k in the near future.
ETC Long play incoming gainsEthereum Classic always makes nice rebounds in support zone. This means now it is good opportunity to take risk, because price in support zone from long term.
Consider to protect yourselfs and use stop loss if you trading it.
Expecting 3 major targets (on the chart) within next month.
BITCOIN 1h Update 10 December 2022Good day! Artem here with analysis update on Bitcoin at 1 hour TF. Here are my predictions for the price movement in the following week:
Today, BTCUSD is most likely going to move in a sideways motion about $17000-17140. Expecting an upward breakout on Monday, December 11 with a conservative target near $17400–17500.
Notice my stop loss on the chart. I consider this as a bearish takeover point.
BITCOIN 1h Update 08 December 2022Hey is is Artem update on BTCUSD price action on 1h TF. Looking for movement in range 16660 up to 17200 during weekend.
Price consolidating at rising support lines before fake breakdown and rise. According to this behaviour I am thinking price will rise afterwards and break Green Resitance line to move up 17200.
Bitcoin approaching 17000Hi everyone! Here is 1h chart analysis for Bitcoin for next 2 days movement. Looking on the movement during 5-th and 6-th December upward 17400-800 if BTC keeps its momentum gained from 21 November with 2 impulse waves.
Keep yourself protected and I will use 16600 as invalidation point of this analysis.
TESLA market structure, prior Earnings breakoutTSLA stock price consolidating and looks like there are some reasonable slowdown of price action prior Earnings report in mid October.
Check out chart to see rising support and resistance at 313. This zone will determine further price action.
I think if Earnings come back negative - price will chop down to lowish levels. Visa versa for positive Earnings - breakout of 313 resistance will bring prices up to upper range.
Best regards
Artem Shevelev
Bitcoin Trade Plan: Strongly suggest move to $30,000 in mid termHey guys, here is the Daily timefr ame update on Bitcoin chart. If you like this chart, please use Like button 💙💛
I really like to see bullish outcome for Bitcoin, and to get it as higher as possible this year. But take a look at positions of the Moving averages on the chart: I am using combo of Daily moving averages 500 and 620, this is rarely used MAs, but they works nice on Bitcoin, and shows crucial support bound near $36,000. If we going to see breakout from $36,000 *DMA620 — price will likely to move down to $30,000.
In case breakout from $30,000 it will cause domino effect and price will fall at least down to $22,000 to Weekly Moving Average 200 (WMA200). This is strong support line for Bitcoin all-time history.
In case Bulls can fight for $46,000 + region, we going to see move upwards to Supply zone of $50,000-56,000 where another (3rd) large sell-off can occur. But anyway, this is Plan B for Bitcoin durin Q2 of 2022.
Thanks for your attention.
🙏Pray for Ukraine 💙💛
🔥 BTC / USD — Bitcoin Trading Mid-May 2022🔥Hey there, its Artem and here is update for upcoming week for Bitcoin.
After Bitcoin breaking below $37,000 it making impulsive moves down. Now taking $34,000 zone and might take a short recovery week during mid-May.
Expectations near $37,000ish and possible continuation down to $29,000 and $24,000 support regions in next 6 months.
Currently waiting in cash and taking small risk trades counter-trend (long) to $37.000 to see whats happening next.
Stay safe
Pray for Ukraine
Best regards
Artem Shevelev
Total Crypto Market Cap in depth analysis before $1 TRILLIONLast year Crypto reached $3.00 Trillion milestone. Today 20 March total valuation is close to $1.83 Trillions and it bouncing around $1.67 - $1.93 during last months since beginning of the year.
If you like my graphics, please use Like button 💙💛
Check out the pics below to see why I consider market crash for this year:
1. 2018 - 2019 structure just repeating itself today:
Price just lining with rising support (dashed line) before the breakout and creating lower highs and higher lows.
2. SP500 correlation quite similar today, price had break down to support zones in 2018 - 2019 years, price stuck in sideways (dashed-flag) before another breakout:
In 2022 it is a different picture and price sharply going down, creating some kind of wedge look, and now back up to Resistance zone of $4560 where it can reverse again if there is another fears on the market come up during April-May period.
In case of reversal from resistance, I think SP500 can finish correction near support at $3900-ish zone, which mean another -19% crash for US stock market, at this point investors can drag down risky assets easily and Crypto will be highly volatile during this event, so shakedown to $1.00 Trillion or lower is quite possible event in our future.
Thanks for your attention
Stay safe and pray for Ukraine 🇺🇦
Just a few moments before Ethereum sell-off. Guys, alert on Ethereum price! Price entered Critical zone, the movement can be insanely huge. If you like my graphics, please use Like button 💙💛
Guys, I have strong feeling of Deja Vu... Price of Ethereum at similar triangle to the Bitcoin 2020 sell-off case, the proof of the chart I've attached to the main graph, please compare it.
What kind of the move we can expect?
Possible move towards $2000 at first part , then move down to $1600 and final or semi-final to $1000 because traders and investors like round numbers. This might be not the bottom , but we going to see and I will try to make update on the way.
Stay safe
💙💛 Praying for Ukraine
💙💛 Bitcoin preparation for $30,000. March-April expectations.Hey guys! Its been long time since last update for tradingview:) If you like this chart, please use Like button 💙💛
In this hard time, all Ukrainians fighting for our freedom and peace🙏
Bitcoin price reached $45,000 price in early February. I have expected this move upside from $33,000 since December 2021 — here is the proof:
Now we are working in sideways trend, which is pretty slow, but wide range $44,000 - $35,000
Now we need to verify this structure by hitting (D) and (E) sides of triangle.
Target might be near $30,000 or even lower.
Consider to use low risk p osition sizes in current market environment, it may safe your investment. Don't trade against short-mid-term trend, especially with leverage.
Stay safe guys, and pray for peace in Ukraine
SP 500 Stocks Trending Bullish. Warning sign of recessionHi! 2021 was uptrend year for Stocks, despite global pandemic. It seems like US stocks will continue to rise in Q1 of 2022, because of location of rising channel resistance, I expect high at 5200-5400ish range. After that I think price should make a rebound to close the gap at $4000, this would be triggered by some economic disaster or ideology shift.
Stay positive and don't lose focus on your investment plan.
Every big dip in Stock market is an opportunity to change your life.
Best regards
Artem Shevelev
Bitcoin Winter Rollercoaster ❄ Should we get Pumped up?!Hey! Last days on bitcoin chopping longs and shors.
It is pretty regular to have such behaviour before big movements. Price get the similar movements below down-trend lines (blue) I have highlighted it with black arrow-zigzag.
I think there is an opportunity for nice move after price trigger (51200 or 45300). I have explained my thoughts on the chart.
Anythihg can happen, so keep you eyes on the price action and trigger levels (use alarm feature on @Tradingview)
PS: personally I would like to see trending up, what about you?;)
Have a nice holidays!
Best regards
Artem Shevelev