BTCUSD Bitcoin long - 140R Setup, Wyckoff Accumulation, EntryDam this going to be a crazy trade. Well let's see. I am going to risk 1R for this trade and go for a potential ROI of 140R.
We have finished the Wyckoff Accumulation from my point of view and this is why we are ready to see the price going up from here.
No financial advise. Just my personal trade.
What do you think?
Darius
GBPUSD still super bearish but the market will reverse soonThe GBPUSD is super bullish on the higher Timeframes. Right now on the lower Timeframes the market is just creating Lower Lows and Lower Highs.
How far can we drop. Will till the 1.3565 Level the market can correct.
If we will break this level then the whole GBPUSD is going to be bearish.
We should watch the market to see how it will react to this Demand Zone. We will probably see a good daytrade at this zone but the whole reversal will probably occur after we broke the Demand Zone
What do you think
XRPUSD Ripple - Accumulation Phase - Price Prediction 14$XRPUSD went crazy to the downside but this is not a problem for us as long as we are not going to pass 0.34$
This market is still bullish. You do not need to be technical magician to recognize that this is a clean Up Trend with normal Correctional Movements.
The only thing that has changed was that the market can not go up till 100$ or more this year. We should stop at around 14$. More is not possible for this year.
What do you think?
BTCUSD Bitcoin - Accumulation Phase, Institutional DemandPrediction: Bullish Scenario
Bitcoin is going to up higher from here to 70-85k till end of this year.
The chance for this scenario is very high due to we are currently at an Institutional Demand Zone + the market is currently in a clean textbook Accumulation Phase.
We have seen how the market has cleared both sides in order for the Institutions to accumulate even more positions for the potential UP MOVE.
Bearish Scenario:
What about the bearish scenario? Of course this is also possible but there is no reason to look at this scenario right now. Why? Because we are still in Up Trend based on the Higher Timeframes. Only after we are breaking the 28k Level we should look for a bearish scenario.
Will this mean the end for Bitcoin? NOOO! It will be just a deeper Correction till max 4k$. But the price could reverse at some other significant levels before 4k$.
What do you think?