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LPS

MATIC - Wyckoff Reaccumulation Schematic#MATIC This looked like a simple flag initially, which is a great bullish continuation pattern, but since has evolved into a #Wyckoff Reaccumulation Schematic. The latter is actually a healthier option, and one which usually warrants less pullbacks vs the simple flag, that very often comes with sharp retraces. The Volume is perfect, the OBV is perfect, the pattern is perfect, the timing during Trad Fi market close and end of year standard low volume is perfect... Have you placed your bets?
MLong
by ANobleNerd
Accumulation Structure Last Point Of Support in The MakingBitcoin has been in a sideways range since Jan 24th after dropping from ATH in November. Since then accumulation structure has formed and showed sign of strength at the begining of March by hitting 45.352 and rejected from 200MA. Following this rejection, Bitcoin started printing higher lows and has successfully broke above 200MA in it's second attempt. I'm expecting a re-test of 200MA as a LPS and continuation towards 47k as sign of strength, so i'm buying this re-test. If we manage to break 47k, new upwards momentum can take us towards 50k-60k range where we'll need to re-accumulate before moving up further. Slava Ukraine!
INDEX:BTCUSDLong
by BitcoinMillio18
25
Short Opportunity Before LPSHi fellas! This is what accumulation DOES! You will not go up before everyone turns bearish! Even the best traders i know were heading for 37k and boom, stops were hit! Lessons learned, never short the support! (once again!) Now, this is the Show Of Strength moment (SOS) in this accumulation zone. It was quick right? Patience pays off! We had literally tested supply with 10 touches! However, if you are late to the party, or got caught in the opposite direction, it would be best to move on to the next trade during retracement and use this as a short / take profit opportunity. As always, i've set TOTT to take the short for me, if there's ever an opportunity :) I'm expecting a LPS (last point of support) as a higer low around 46k and if that fails, 43.440 would be my second target. Long term bullish uptrend is finally established, BUT 50k is very important to cross, otherwise this uptrend may come to an end! Take profit during retracements and ride the winner. But, hey what do i know. Trade safe!
Short
by BitcoinMillio18
13
Swing Short SetupI’m on the go for a few days and didn’t take my laptop, but this doesn’t mean I won’t publish new ideas ;) We have seen a great bounce with FED news (It has started way earlier than the public announcement ) and continuation with great news from Twitter integrating tips using bitcoin over lightning network through strike api. This creates a perfect environment for market makers to create liquidity and guess where the liquidity is ;) There’s very strong resistance zone and the point of control approaching! I think this is a very good swing short opportunity if these zones get rejected. It will give us a correction and a swing low marking last point of support (LPS) So, look for a rejection and a swing failure pattern at 46k. But, what do i know ;) Trade safe!
Short
by BitcoinMillio18
14
Bitcoin Is Dead, GAME OVER!LOL :) This is what you will hear from bears screaming bear market and it's the perfect buy signal :) Here's why: 1- The Up Trend is Intact From a long term perspective our uptrend stride has finally found it's third touch and the supply trend is validated. Even a second spring happens, it will just be a shakeout. 2- The FED News This is where the reversals and beginings of rallies happen. Remember Elon Musk & Jack Dorsey Talk? That was at $29k where everybody was screaming Bitcoin's dead. As i mentioned in my previous post, FED has an update on Tapering this week Wednesday, 21-22. It is quite the same sentiment when we were at 29k. Just look at the runway! 3- Wyckoff accumulation in play Although not textbook, we are yet in another local wyckoff accumulation order block within an uptrend. Few more days of fear pomping would be just enough to get weak hands sidelined and rally begins. These accumulation zones only add up to the price target. This last drop is actually a higher low and marks as the LPS (Last Point Of Support) My short term bots were triggered yesterday and shorted 30% during the drop while i was sleeping. I'm considering closing these shorts manually before they are triggered and enjoy profits. Undecided for now. So, wait until you hear everyone turns bearish within few days if not hours and the opportunity will present itself. As always, i'm probably wrong. Trade safe.
by BitcoinMillio18
36
Rgsport, don't even think to call her real name!!!Been accumulating since the very beginning with clear chart pattern of cup and handle and possible inverted HnS on the right-hand side of chart (the classic accumulation pattern) This study is a little bit too optimistic by taking PnF TP all the way since end of 2018 till date as seen in the chart Grand PnF= 25x0.01x3 = 0.75 TP consv = 0.32 + 0.75(50%) = 0.695 TP2 = 0.32 + 0.75 = 1.07 Currently she just seems to be done JAC and a breakout from the Accumulation Trading Range. Bright side, she stay above the Creek for longer period now compared to previous few breakouts. So, very high chance she is now forming the LPS before the Mark Up phase. LPS intact as long as she doesn't break 350-360 support level (RBS)
MYX:RGTECH
by tradebrewer
Warrants On Sale :) Here is a breakdown I did of the relative cost of warrants (RCW) in respect to cost of SP (3$ to exercise Warrants) Shares VS Warrants %RCW $10.24 $3.51 34.3% $5.81 $2.76 47.4% $4.63 $2.34 50.4% $3.69 $1.71 46% $2.65 $1.05 39.6% $0.75 $0.21 28% Todays Sale Dec 19 $0.74 $0.17 22% (If you're converting S -> W today is one of the best days to do so) If you analyze this and actually graph it you get a bell curve, this means that when the SP is low or high the relative cost of warrants is low and when the SP is in between ATH & ATL the the relative cost of warrants is much higher. Do what you do with this data, I already said too much. IMO Have a freakin gr8 d3y
TLong
by lilsatoshi
1
ETHUSD following Wychoff DistributionBeen watching ETHUSD just before the drop to $100. That drop marked the Spring in Phase C of the Wychoff distribution for me. The pump back to $108 - $110 confirmed the pattern by forming the LPS in Phase D of the Wychoff distribution. I will look for longs after a small retrace preferably to around lower $105. Would like to see: - Small retrace to the 50 MA around our entry (Orange) - Retest $110 and find support on the 128 MA (Red) - Target $115 for the 200 MA (Purple) Entry: $105 - $106 Target 1: $110 Target 2: $150 Stoploss: $102.9 Watch the fibonacci levels! (Green) Prices are taken from Bitstamp, adjust accordingly on your exchange.
BITSTAMP:ETHUSDLong
by smallbigfish
BTC/USD 4H/1D charts (11/9/2018)Good morning, traders. It looks like Bitcoin may be completing the recent corrective move now as it finds support around the bottom of the blue TR/4H pivot/equilibrium of the black TR as I mentioned the past few days during our morning live stream that I was watching for it to do. This is also the 61.8% retracement of that move up from 10/31. These two movements -- up and then down -- have been orderly, suggesting another leg up is in the works. In terms of the larger black TR, this should be the next LPS. The 4H RSI is sitting on oversold at this time and has printed a steep descending wedge from overbought. OBV is continuing to print a large descending broadening wedge. The 15 minute MACD and its histogram are currently printing bullish divergence while RSI is bouncing off oversold once more. Price is printing a descending wedge in that short TF as well. Depending on how much kick we can get from this current position, price should be targeting the $6756-$6830 level with the possibility of a surge up to the 4H R4 pivot at $6975/1D R2 pivot at $7071 (2.618 extension is at $7099). Tensorcharts.com is showing more sell pressure but support appears pretty thick around $6300 with Bitstamp providing 656 BTC and other spot exchanges following suit with support at that same general level. As a matter of fact, it appears that the sell pressure may be originating from Bitmex. Remember, even though it is swap and not spot, the reality is that it contributes to price finding. So, if there is strong sell pressure in swap then spot will react accordingly as we are seeing this morning. While this is the expected bottom of this corrective leg, until it is confirmed traders should remain wary of entering a trade. Ultimately, we are watching for price to push through the upper black horizontal line which denotes the top of the resistance area at the $6800 level thereby creating a show of strength (SOS). The expectation at that point would be retracement and consolidation around that upper black horizontal line (possibly printing a pennant) in the form of a "back up to the edge of the creek/last point of support" (BUEC/LPS) followed by another SOS above $7000. If that SOS-to-BUEC/LPS prints a pennant around $6800, then at this time we can expect a target of around $7600 when price breaks the pennant's resistance. This would complete the complex fulcrum and should signal the bull market is likely in effect. Remember, a breach of $8500 gives us the higher high that we've been waiting for and would likely be a strong buy signal to many traders sitting on the sidelines. After that, $10,000 becomes the next signal, and then of course the February high around $11,780. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
3