Interesting similarities between BTC phasesBTC current Price Action is starting to appear increasingly similar to the PA we saw throughout the bearish period of Summer 2021 !
Color coded are the similarities i found and they are relatively indifference bar from the yellow markings failing to make a real attempt at recovery.
The PA were currently having has the same tone to the summer where dumps were carefully controlled by whales as they gradually filled their bags awaiting the uptrend to begin. Im overwhelmingly bullish on this PA and feel BTC has found its bottom for now !
An analogy i liked was the comparison to the current PA and a ball held under water ... once the downward pressure stops it will erupt upwards.
My LTF target is : 48k held comfortably
My MTF target is : 52k reached
My Q2 target is : 64k reached
Manipulation
ADA Wyckoff Accumulation Schematic Update #3As we enter the previously projected price range, the schematic tells us to expect consolidation. The target range is between 1.50 and 1.45 with a possibility of 1.40 . Zooming in on the charts, here are the potential measured moves projected by the schematic The volatility of crypto plays a roll in the slight discrepancies, and explains the wide target range. However, if it continues to play out this could be the trend reversal ADA needed. Wyckoff Accumulation Schematic for reference: forexop.com
ADA Wyckoff Accumulation Schematic Update #2ADA potentially gearing up for another move to the upside if it keeps following the schematic. The current retest of important levels was predicted from following the accumulation schematic, indicating the next move should be towards the 1.53 - 1.57 area . Wyckoff Accumulation Schematic for reference: forexop.com
Bitcoin manipulation: Wyckoff accumulation patternWhales and institutions change the whole scenario by using trader behaviours and they know everything better than us.
It’s been a brutal couple of weeks for the crypto market. Everything from Bitcoin to shitcoin has shed billions of dollars leading to a 38% crash across the board. The worst part is that every time it looks like the crypto market is recovering some sort of FUD manages to make the news, which causes another massive sell-off.
Then when all hope seems lost and you’re convinced cryptos dead the trend suddenly reverses and the FOMO strikes back. Now, it’s almost as if someone is trying to make you feel fear & greed at just the right time to move the market in a way that makes them money and leaves you empty-handed.
This has been both a meme and a common saying in the crypto space for many years and it sounds like nothing more than a conspiracy theory. But what if I told you that this is exactly and that there is even a way to predict these market moves in the advance.
Ask yourself this. What happens when every trader is relying on the same patterns and indicators? The short answer is that it makes it very profitable for someone to come in and disrupt the market by pushing the price above or below where most people expected it to go.
This is what Richard Wyckoff noticed over 100 years ago while working on Wall Street alongside Financial Titans by JPMorgan and Charles Dow.
Back then the average retail trader was constantly getting wrecked by institutions and large investors who would manipulate prices to essentially scare them out of their stocks and commodities.
t’s easy to forget that we’re not the only ones investing in crypto anymore. The institutions are here and they know much more about trading than we do. They know that most crypto investors don’t know much about technical analysis. They know that most people invested in crypto are consumed by fear & greed. They know all the patterns that seasoned crypto traders are looking for and how to manipulate them out of their positions.
Even while the market bled and the fud was flying institutional investors were buying the dip like mad. As Alex Becker pointed out more than half a trillion dollars was pulled out and put back into the crypto market in the span of just a few hours. That is not normal market behavior and it’s much more than retail investors could possibly afford.
Those are the footprints of the composite man. The institutional investors are playing by their own set of rules.
The craziest part about the Wyckoff Method is that it makes you question the utility of standard technical analysis. After all, the only way to beat the institutions is to play by their rules. Sticking to the basics is going to get you nowhere.
When you take all of this into account, the idea that someone is pulling the strings behind the scenes doesn’t sound like so much of a conspiracy theory. It’s just the way markets have always been.
The real conspiracy theory would be to say that all the institutions doing the price manipulation are using the media to facilitated by putting out fud and fomo at just the right time.
Litecoin to Liquidation LowLitecoin BITFINEX:LTCUSD gave a Spike Manipulation Signal. I have been looking for trades over the last few days to short cryptocurrencies back to retest the low of the recent liquidation event which will be the first target. I'll hold a partial position for a break of the Liquidation Low.
Ethereum Versus Bitcoin (ETHBTC) Rally ContinuesToday's divergence between Ethereum BITFINEX:ETHUSDLONGS and Bitcoin BITFINEX:BTCUSD can be visualized in the price action of the cross pair BITFINEX:ETHBTC .
Yesterday's price action took it to the 50% Retracement of the most recent bullish trend and Market Manipulation Spike signaled a rally off the level.
EURCAD Potential ShortLooking at EurCad we have an order block in confluence with a KL at 1.4400..
I will be looking for a nice break into and/or above the order block for a liquidity grab, then if PA presents an opportunity to go short then i will look to TP around 80 pips at the lower structure...
Extreme price volatility on FTXThis might be the most lucrative idea I ever posted on tradingview. Some exchanges like FTX have realy strange spikes in candles, these happen in a matter of minutes. One can speculate that exchanges use these to liquidate people out of their futures positions (spoofing?). The point of taking advantage of them is that they can result in 5% + profit in 1 minute which is unheard of.
The basic strategy is to for example short when a 1 minute candle reaches 5% increase which should not happen in 1 minute. In the chart screen you can see some tools I coded for myself to be able to send signals on these 1 minute charts to a robot to buy at these levels. The important thing is that these happen instantly a human will not be able to profit from these spikes as he is not fast enough in putting an order. The difficulty I still have is that my webhook could be too slow it would be much better to already have the limit order open and to have it change every minute to the desired price. If anyone can help me figure this last part out it would be greatly appreciated.
The only reason this chart is on 15 minute chart is because tradingview does not allow me to post 3 minute charts.
BTCUSD - BUYERS BEWARE & BTC TO 100k around MARCH 2023If there is one thing that I enjoy doing in the markets, it is speculation, and I find it particularly enjoyable trying to find where the market is building liquidity, for what better reason, than to take advantage of it and make that all-important moolah! xD
BTCUSD has shown its hand and, after developing, what I would describe as a weak triple top (weak because the last leg did not really develop well), is now going down. If there is one thing we know quite well, it is that markets are fractal, and it is not unusual for markets to repeat their actions. However, all too often, we fall into the trap of seeing something so obvious that it becomes a sure sign of the manipulation that is about to occur. This obviousness is what I would equate to liquidity.
Let us break this chart down, but before I begin, I provide here a small word of warning
I AM PROBABLY WRONG
and a word of advice
WHO CARES! If we are wrong, we add the result to our journal and learn from it.
I will read the chart from left to right. So here goes! We start by seeing price accumulate with significant upwards pressure from the left. Price tried to trade downwards aggressively (11 January 2021) but closes about mid-bar. This sets the tone for a few days, and the price stays clear of that fractal low. Buyers enter the market with some belief that this is simply a pullback and the continuation will occur soon. Most traders’ stops are likely to have been below the newly formed fractal low; this builds liquidity and is traded into twice. This is important because of the significant buying volume that comes into the market and the retreat from sellers. This low of this area represents the line in the sand, in terms of our trading bias.
After this, price drives to 65000, and woopty doo, all the news headlines start screaming BUY BITCOIN! DO IT NOW! RISK IT ALL, BABY! You know that saying be "fearful when others are greedy, and greedy when others are fearful." Yep, people got greedy xD
What was the tell-tale sign that we might experience a sharp u-turn on price? For me, it was the Break of Structure; when the price broke the two previous fractal lows on the daily (19th – 26th April 2021), I had doubts about if the price would ever return to that level, price accumulated near the ICT Breaker Block, and then traded upwards to clear the previous fair value gap generated (Smart Money concept) before diving down.
Where did it stop?
It stopped right back where the previous re-accumulation area occurred. This gave us some assurance that this is a protected level and that it is improbable that we would trade past this level. This assurance was confirmed when the price accumulated and broke again to the upside, creating another area of interest which I describe as "ZONE 2." If we make a small comparison, we note that in the first re-accumulation, the largest bodied candle was the candle which broke the previous high. However, the largest bodied candle, in this move, DID NOT break the fractal high in this accumulation. WHY? I will offer my theory soon as we need to read more of the price-action.
Price then re-accumulated (first orange box), in a similar fashion to the first re-accumulation and then continued upwards to break the previous all-time high. Ok, please do me a favour, take your measuring tool, and measure the leg of the re-accumulation that created a new all-time high (57000). Now perform that exact measurement on the Re-accumulation area (67000); both moves are around 25000. If the significant players intended to break the previous all-time high, and they only had the energy to push price by around 25000 before taking a breather they would be weary because a push from the accumulation area would be fuelled by mostly their own money as they would be trading in the middle of the premium & discount area i.e. mixed market intent, and this would take price right back to a previous selling area, a brick wall and a potentially lousy chess move. So instead, the price needed to take a breather mid-range to attract more sellers into the market, creating the liquidity needed to fuel the push upwards, and thus the first push was not aggressive and the second re-accumulated area may not represent the full positions of key market participants.
So what next?
As price comes closer to ZONE 1, it is likely to consolidate and form a clear trading range; sellers will be induced into the market through perceived weakness, and buyers through false breakouts to the upside. Key market participants will slowly drip feed their BUY positions. Most sellers will be taken out by a Shakeout action (Wyckoff) which will take the price down to ZONE 2 and may trigger yet another flurry of sell positions. Zone 2 will mark the last buying area before we start trading upwards to 100k. If we fail here, this might be the start of a bear crypto market; Goodbye gains xD Nevertheless, let us be hopeful and ask ourselves when price might track upwards towards the all-important 100k level and how might this happen. I provide a theoretical model below:
If we take 25,000 as the maximum move for our conceptualisation, we can use market cycles (wyckoff) to estimate that there will be a total of five stages. I provide a timeline below
Stage 1: 30,000 → 55,000 Price will accumulate above the previous buyers' trap, creating a good base for the price to break through the previous high.
Stage 2: 55,000 → 80,000 Price will break the previous level, and greed will settle in
Stage 3: 80,000 → 60,000 Price will drop aggressively to complete the market cycle and fuel quick-exit selling and fear.
Stage 4: 60,000 → 75,000 Price will begin a slow move upwards but will not break the Stage 3 highs.
Stage 5: 75,000 → 100,000 Price will reach 100,000 and form another head and shoulder pattern. The left shoulder will tap 100k, and the head will induce greed. Be wary of the break of structure on the daily chart after this, and look to sell and add positions at the Stage 2 Accumulation area.
Timeframe? Well, if we look at the last five price cycles, they average approximately 75 days.
So if we assume that the average of the price cycles will stay roughly the same and assuming we have six price cycles, including the Potential Buyers trap, we get the math for five stages and adding the Buyers trap, we get 450 Days or 15 months. So, the price might hit 100k in March 2023.
Trading Plan
I believe that a dollar-cost averaging approach might yield more effective returns over the long term, we cannot be too sure that price will come down to zone 2, and thus you should still look to buy at both zones. However, the entries provided are, in my opinion, high probability, and you should either wait for Wyckoff schematic of a clear 2-3 wick rejection as seen in the previous accumulation and re-accumulation patterns.
WOW, that was long! Did you find that interesting to read? What is your opinion? Let us make our predictions now and see if they come true in 2023!
Colonel Panda Out.
$BBIG -- OMG plz make it stop.if we lose 2.80 on D/W/M timeframes, the downside isn't over. :( sorry friends.
It's a bummer that Ted couldn't muster any compelling PR to preserve shareholder value in the near term. oh well.
good luck, go with god.
psc
*there is no god
DDX/USD TP targets based on past 72 hour trendCOINBASE:DDXUSD
Augmented my previous chart indicators to draw a few TP target lines for an entry; again based mostly on bot manipulation of the order book and the trends noticed over the last 3 days. Mornings and evenings are when the bots begin to fire and drive up and down buying paper hands. It very well may play the same game and dump the price to collect more around the $4-$6 range prior to launching the price back into the $14-$15+ range and then likely move on to it's next targets.
Similar activity was noticed on the COINBASE:REQUSD pair a few days ago before it fizzled out at its current price of somewhere in the .5 range.
As always, #DYOR & I am most certainly not your financial advisor, the content published by @BLOCKandChained is for entertainment (and entertaining it certainly is when we're dead wrong LOL) purposes only.
With decentralized love,
@BLOCKandChained
XAUUSD/GOLD WYCKOFF ACCUMULATIONIt does not matter how you choose to look at the market, so long as you understand what is taking place behind the scenes, you become one of the toughest traders around, nothing in the market is random, everything that happens can be analyzed and caught before it takes place, you just need to know what you are looking for.
XAUUSD SMCI am no trading guru, but here is my view on Gold, last week we experienced quite a silent trend which in itself created so much liquidity on the market, which in turn trapped a lot of traders that kept entering trades too early, last week's low was taken out this morning and with a great impulse, the sellside liquidity has be grabbed and the the focus will possibly be shifted on the buyside liquidity
All of the FTD's ever reported since January $AMCFailure to deliver (FTD)~ When a trader of a security can not meet all of the obligations of the trade at the time of the sale.
How FTD's are effecting AMC is done by Big money traders trading these FTD's between each other which continues to impose selling pressure.
When a single stock is a FTD (NOT THE TICKER/COMPANY), there is a owner of that Security. When the ftd is being sold to the next big money trader, There is a new share that is resulted in that trade between traders.
At the end of this transaction between the seller of the FTD and the buyer 2 shares have been imposed on the market.
Owner of the FTD --> Selling the FTD to the next --> Sell it again to the next and you now have 3 shares sprouting from 1 with the pressure on the market of 3 shares!
1 Share at this point Rather than that one share being given, a synthetic share was made (the same pressure is imposed
as if a second share was bought on its own through a lit exchange)
You can see how this turns into a shit show when these FTD's are constantly hopping around imposing new pressure at different points.
3.5 Million on the top but how many shares could that actually be?
I figured this chart would be great to watch. Updating this every month with reliable information pulled from the Sec.
Follow to keep up
Happy trading everyone and remember,
Scared money don't make no money.