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Longbtc

Long BTC at Selling ClimaxPreviously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. Interestingly, the last 3 transitions from Wyckoff re-distribution Phase E to Phase A were similar. In all 3 cases, we observed a climatic level of volume. In all 3 cases, we observed sell bars with a large spread. The percent change in price for these Phase E/Phase A transitions were -26.84%, -21.28%, and -24.98% in Dec 2021, Jan 2022, and May 2022, respectively. In all 3 cases, we observed a selling climax (SC), which serves the purpose of stopping the down trend, followed by an automatic rally (ARa). I expect that we will observe an ARa to the first area of important resistance, which is the open of the May 9 sell bar ($33,945). I have opened a long position at $30,476 and I have a take profit target of $33,945, which is an 11.38% profit. Significant bars, which help define important areas of support and resistance, are given by the blue shading. The blue arrows point to volume spikes. Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SOW), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDLong
by Eightchains
8
Bitcoin - first 41500 then 46000? Big manipulations are close Today we will consider a small overview of Bitcoin. The first thing that looks in the eyes is a narrow trading range (marked with gray rectangles) And we also left all the levels that we had designated before this time. If we briefly describe the situation, we expect the demolition of stop loss long positions and a quick recovery to the level of 45500-46800 Why do we assume so? According to the analysis, we are locally in a downtrend. Locally - everything above the level of 43000 - can be evaluated as a long position, in order to return the price to the mirror level zone. This is seen by many market participants, including big players. The volatility is decreasing and the trading range of the price is shrinking. This is the first sign for big manipulations. The gann angle indicates that in the near future we will see the price go beyond these gray rectangles. Considering also that target days These are daily targets for Bitcoin. Upper limits: 45300 - 45950🚀 Lower limit: 41000 - 41580☄️ Our analytics team is looking forward to the turn of events as shown in our chart. Observe risk and money management. Trade smart
by AzurTrade
4