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BTC-Building orders before the next moveGood Morning traders! Today we will have a quick look at the BTC chart. Everything is based off of the BTC PA. Alts may move for a short while breaking the coloration to BTC, but they always revert to the mean-following BTC. BTC continues to build orders much like ETH, I can see a deep pullback on the cards into the green area before the bullish run continues. Retail traders will stack stops in obvious places and whales and institutions will see this, this provides an area for this market movers to target. As always trade safe. EnvisionEJ
BITMEX:BTCUSD.P
by EnvisionEJ
11
Will the bullish run will continue on ETH?Good Morning traders! Sorry I have been absent for a couple of days I have been unwell (not Corona) Right after my last forecast the entire crypto market had a decent pullback. While I was calling a move higher its not unexpected and price returned to spot that makes sense. Make no mistake this bearish selloff was market manipulation, the big players in the world DO NOT want El Salvador's idea to succeed or spread, it poses a danger to their ethos. Looking at the technical picture the market does what it always does-it returned to test prior orders and protect them. The 3 current scenarios are a continued move higher to test the yellow mark before falling away again. An even deeper pullback to sweep the yellow circle before continuing higher. Or straight push through the highs. Look for where retail traders would stack stops THIS IS WHERE PRICE TARGETS!! As always trade safe, EnvisionEJ
BITSTAMP:ETHUSD
by EnvisionEJ
Formation of consolidation according to Wyckoff (addition)Hello amateurs and professionals😎. I would like to add a few clarifications to my previous post about the Wyckoff accumulative model PS - preliminary support. The moment a large buyer appeared, who stopped the market and decided to gain a position. Volume increases and the price spread widens, signaling that the downtrend is nearing its end. SC is the maximum point of sale. Large mass sales by the public are consumed by larger professional interests at or near the bottom. Often the price forms buyout bars - it closes far from the low in SC, reflecting buying from these large interests. AR is an automatic rally that occurs when sellers begin to weaken and change sides or exit the market. A wave of purchases easily pushes prices up; this is further fueled by a short cover. The high of this rally will help determine the upper limit of the cumulative TR. ST - a retest attempt, in which the price revisits the SC area to set the position by a large player. If a bottom is to be confirmed, volume and price spread should be significantly reduced as the market approaches support in the SC area. Usually several STs are placed after SC. Nuance. False breakouts or shakes occur late in the TR and allow large players to check on stock before the mark-up campaign unfolds. The “spring” pushes the price below the low of the TR, and then reverses and closes within the TR; this action allows large players to confuse with the direction of the trend, increase liquidity and enter the market at a favorable price. However, the springs and knockout of the leads are not required elements: the accumulation diagram 1 shows a spring, and the accumulation diagram 2 shows a TR without a spring. Test. Large players check the market for supply throughout the TK (eg ST and springs) and at key points during price increases. If there is a significant supply during testing, it can be seen by volume, the market is often not ready for the markup. The spring is often followed by one or more tests; a successful test updates tops with insignificant volume. SOS - Volume appears and a major player is identified with direction. Often, an emergency signal occurs after a shake. LPS is the last point of support. Some charts may have more than one LPS despite the supposedly extreme accuracy of the term. BU - "back-up" - backups are a common building block prior to larger price increases and can take many forms, including a simple rollback or a new TR at a higher level. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support! info taken from WyckoffAnalysis
Education
by DeGRAM
22
ETH targeting ATH this weekGood morning traders! Welcome to a new week! As I spoke about last week, ETH will target its ATH this week, is has roughly 11% to go before reaching this level. You can see on the chart all the stacked short orders I was speaking about, and just as spoken about in the earlier forecasts the whales ate these orders up causing a strong rally. I'm very interested in how price reacts once we reach the ATH, My best guess it a BIG push through/blow off before a decent pullback. As always trade safe EnvisionEJ
BITSTAMP:ETHUSDLong
by EnvisionEJ
Bitcoin Dominance has Fallen! (Altcoin Season) The Bitcoin dominance has been dropping and dropping, the only question is "Where is the Bottom?" Base on the chart, Bitcoin dominance has came back to its origin. This is why most Altcoins are pumping due to the fact that the dominance has been dropping. Is this the indicator that a big dump is coming? If Bitcoin dominance continues lower and lower, Altcoin season will continue to go and go, but when Bitcoin dominance bounces from here, Most alts will take a very nasty dump of at least 10-20%. This is speculation!
CRYPTOCAP:BTC.D
by OmaOne
Large EU bullish do we continue?Good morning traders! Yesterday was a great trading day, with many members in the community banking great % from the trades that were on offer! Shifting focus to the session today we are in a clear buying range, a sweep of the lows into discount would offer an excellent place to enter long. Alternatively a nice 5minute selling range would offer us the chance to enter short and "fill" the range yesterday before a long. As always trade safe EnvisionEJ.
Long
by EnvisionEJ
ETH-All eyes on all time highsGood Morning traders. Todays chart will be basic in nature at the narrative can be easily shown. If you have been following my forecasts you would have seen that I was calling for an impulsive move as we stacked orders and any pullback from the high would only be short term before a push higher. We didn't even get a pullback, it was just a push higher. The whales ate the the short liquidity. The next target is the ATH, this rally has been explosive so a pullback is always possible but with this momentum I can see the ATH being taken in the next 7 days (depending on how BTC reacts) As always trade safe. EnvisionEJ
BITSTAMP:ETHUSDLong
by EnvisionEJ
Formation of consolidation according to Wyckoff Phase 1 : Stopping the previously dominant trend. The offer prevailed. Decrease in supply is indicated by preliminary support (PS) and sales climax (SC). These events are visible on the charts, where widening spreads and high volume reflect the transfer of a huge number of shares from one speculator to another. As soon as sellers weaken, an automatic rally (AR) follows, consisting of both demand for stocks and covering short positions (two types of ogrok are activated). A successful secondary test (ST) in the SC area will show a decrease in sales, as well as a narrowing spread and a decrease in volume, usually stopping at the same level as SC. If ST falls below SC, either lows renewal or consolidation formation can be expected. The SC and ST minimums and the AR maximum set the boundaries of the TR. Levels can be drawn to help see the market as shown in the two accumulation charts above. Phase 2 : In Wyckoff's analysis, Phase B acts as a “cause-building” for a new uptrend (see Wyckoff's Law # 2 - “Cause and Effect”). In Phase 2, large players accumulate relatively inexpensive stocks in anticipation of a mark-up. The accumulation process can take a relatively long time and includes buying stocks at lower prices and checking for price increases by short selling (false breakouts). Typically during phase 2 there are multiple STs as well as upward actions at the upper end of the TR. In general, as TR develops to acquire most of the remaining supply, the majority of its interests are net buyers of shares. Buying and selling impart a characteristic up and down price movement to a trading range (flat). At the beginning of phase 2, the average true range is wide and accompanied by a large volume. However, as the professionals absorb the supply, the volume of the downward swings within the TR may diminish. When it turns out that stocks are likely to be depleted, the market is ready for Phase 3. Phase 3 : The instrument goes through a critical review of the remaining supply, allowing the big players to make sure the instruments are ready for growth. As noted above, a spring is a price movement below the TR support level (set in phases 1 and 2) that quickly reverses and returns back to TR. This is an example of a false breakout. In reality, however, it marks the beginning of a new uptrend after grabbing liquidity, delaying late sellers. In Wyckoff's method, a successful test of the supply, represented by a spring (or shake out), provides an opportunity for higher expectation trading. A low volume shake test indicates that the instrument will be ready to go long, so now is a good time to enter at least a partial long position. Phase 3 : There is a constant predominance of demand over supply. This is evidenced by the promotion model (SOS) with widening price spreads and increasing volumes, as well as the reaction (LPS) to smaller spreads and reduced volumes. During phase 3, the price will advance to at least the top of the TR. The LPS in this phase is a great place to go long. Phase 5 : The instrument leaves the TR zone, growth is forming, as demand is under complete control. Shakes and more typical reactions are usually short-lived. New higher-level TRs, involving both profit-taking and consolidation by large players, can occur at any time in Phase 5. These TRs are sometimes referred to as "stepping stones" on the path to even greater ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support! info taken from WyckoffAnalysis
Education
by DeGRAM
17
Formation of consolidation according to Wyckoff Phase 1 : Stopping the previously dominant trend. The offer prevailed. Decrease in supply is indicated by preliminary support (PS) and sales climax (SC). These events are visible on the charts, where widening spreads and high volume reflect the transfer of a huge number of shares from one speculator to another. As soon as sellers weaken, an automatic rally (AR) follows, consisting of both demand for stocks and covering short positions (two types of ogrok are activated). A successful secondary test (ST) in the SC area will show a decrease in sales, as well as a narrowing spread and a decrease in volume, usually stopping at the same level as SC. If ST falls below SC, either lows renewal or consolidation formation can be expected. The SC and ST minimums and the AR maximum set the boundaries of the TR. Levels can be drawn to help see the market as shown in the two accumulation charts above. Phase 2 : In Wyckoff's analysis, Phase B acts as a “cause-building” for a new uptrend (see Wyckoff's Law # 2 - “Cause and Effect”). In Phase 2, large players accumulate relatively inexpensive stocks in anticipation of a mark-up. The accumulation process can take a relatively long time and includes buying stocks at lower prices and checking for price increases by short selling (false breakouts). Typically during phase 2 there are multiple STs as well as upward actions at the upper end of the TR. In general, as TR develops to acquire most of the remaining supply, the majority of its interests are net buyers of shares. Buying and selling impart a characteristic up and down price movement to a trading range (flat). At the beginning of phase 2, the average true range is wide and accompanied by a large volume. However, as the professionals absorb the supply, the volume of the downward swings within the TR may diminish. When it turns out that stocks are likely to be depleted, the market is ready for Phase 3. Phase 3 : The instrument goes through a critical review of the remaining supply, allowing the big players to make sure the instruments are ready for growth. As noted above, a spring is a price movement below the TR support level (set in phases 1 and 2) that quickly reverses and returns back to TR. This is an example of a false breakout. In reality, however, it marks the beginning of a new uptrend after grabbing liquidity, delaying late sellers. In Wyckoff's method, a successful test of the supply, represented by a spring (or shake out), provides an opportunity for higher expectation trading. A low volume shake test indicates that the instrument will be ready to go long, so now is a good time to enter at least a partial long position. Phase 3 : There is a constant predominance of demand over supply. This is evidenced by the promotion model (SOS) with widening price spreads and increasing volumes, as well as the reaction (LPS) to smaller spreads and reduced volumes. During phase 3, the price will advance to at least the top of the TR. The LPS in this phase is a great place to go long. Phase 5 : The instrument leaves the TR zone, growth is forming, as demand is under complete control. Shakes and more typical reactions are usually short-lived. New higher-level TRs, involving both profit-taking and consolidation by large players, can occur at any time in Phase 5. These TRs are sometimes referred to as "stepping stones" on the path to even greater ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support! info taken from WyckoffAnalysis
Education
by DeGRAM
15
EU bullish through the Asian SessionGood Morning traders! Yesterday was a slightly choppier trading day, with a UK bank holiday. However things picked up later in the day once NY opened. Looking at todays PA was have had great bullish momentum in the Asian session. We are in both a 15min and 1hr buying range. However orders haven't been protected for this momentum to continue. A deeper pullback to the Asian lows and into the discount section of the buying ranges would offer and excellent place to get long with great RR before the high. I have also marked a range above, this was never mitigated and should we push through the high would offer a logical spot to enter shot/TP As always trade safe EnvisionEJ
Long
by EnvisionEJ
ETH stacked orders are food for whales!Good morning traders! Yesterday was a choppy day for me in the FX markets and ETH continues to develop. I have zoomed in the PA to give you a better look. The yellow markers are highs and lows stacked together. To the average retail investor these show where price has turned and therefore and good spot to place a stoploss. However to the big whales they see liquidity, plain and simple, places to fill orders either selling or buying. The longer the orders stack the bigger the move will be.... As Always trade safe EnvisionEJ
BITSTAMP:ETHUSD
by EnvisionEJ
A fresh week and fresh PAGood morning traders! Hope your weekend was good and your weekend reviews gave you insight into your trading last week. Looking at todays PA I still think we need to wait for further development. The large bullish move Friday left lots of imbalance behind and many unprotected orders. On the Daily TF we have now broken the downtrend and have moved to a daily buy range, this signifies a return to bullish momentum in the market. I will be waiting for further development before entering any trades. As always Trade safe EnvisionEJ.
by EnvisionEJ
Another week nearly done~Good Morning traders! Another week draws to a close! Yesterday was a stellar day in the markets for myself and other traders in our community! Looking towards todays PA, we can see the rejection from the daily range present (its still marked, because its still valid) Currently we have built bullish momentum through the Asian session. We new a bullish move was coming thanks to the LQ for higher prices marked. We have both a 1hr and 15min buy range pushing prices higher, I am expecting a retracement from this high, before pushing through later in the session before again selling off. This will provide many opportunities in the market (as we get most days) As always trade safe, EnvisionEJ
Short
by EnvisionEJ
Potential ETH Bearish move underwayGood morning traders! Yesterday we had a reasonable selloff, this was spoken about in my prior forecast. I expect this momentum to continue for a few more days before we again pop higher (also as forecasted yesterday) The market never moves in a straight-line and pullbacks and shakeouts provide more liquidity for larger moves. Orders continue to be built in the current area and an explosive move could be on the cards soon. As always trade safe, EnvisionEJ
BITSTAMP:ETHUSDShort
by EnvisionEJ
The Sleeping GIANT! EOS! There have been so many Positive thing going on EOS and yet, there has not been a major pump. Usually what this means is pure accumulation from Big players or whales. The biggest news is the Exchange that Block One has announced called "BULLISH" this exchange will be live this year, the date is still unknown. Also, The funding rate of EOS has increase, this is a bullish sign for EOS. China Ranks EOS as NUMBER 1 base on Speed of transaction and remember there are 0 fees with EOS. Remember, lets not forget about Bitcoin, if bitcoin consolidates or remains bullish then we can see EOS go to 9 dollars if not higher. (Not a financial Advice) EOS came out in 2017, it is still considered new compare to BTC AND ETH.
COINBASE:EOSUSDLong
by OmaOne
7
Could the bearish daily trend be about to continue?Good morning traders! I trust your week has been good thus far, yesterday offered some great trades with members of our team getting involved. EURUSD is still in a daily selling range and we have now had a mitigation of the daily range marked up a for few forecasts ago. Looking at the lower TF we are in a 1hr sell range and 4hr buying range. Price is currently in the discount of the 4hr buying range. A sweep of the Asian lows and mitigation of the edge money range would offer a great spot for a long, alternatively a move back to the highs and a selloff would offer great selling opportunities. Whatever does happen I will remain Neutral and trade the market in the moment. As always, trade safe EnvisionEJ
by EnvisionEJ
Bullish Mondays!Hello traders! I hope you had an excellent weekend and learnt as much as you could from the week priors pa. Todays PA is clearly bullish on the 1hr and the 4hr, so longs will be targeted. The daily is still in a sell range and we have moved up within the possible mitigation of the recent PA however we aren't over the premium of the move. To the left we can see the circled PA in yellow, which will need to be filled at some point, this fits with a long bias into the shorting area. Although we have both a 1hr and 4hr buying range I will remain Neutral and trade the PA as I see it at the time, this could lead to shorting opportunities should they develop
by EnvisionEJ
Trade the markets as you see themHey guys! Todays forecast is simple and clean, we are in both a 1hr and 4hr sell range. Both of these ranges have not been mitigated (BFI's haven't protected orders) As such I am expecting a retrace to the start of the current move down before resuming the downwards trend-Price may also only pull back to the equilibrium of the move which is something to be aware of. Alternatively a sweep of the Asian session lows and a 5min buy range would offer a reasonable entry long to fill the PA before continuing lower. As always Happy Trading EnvisionEJ
by EnvisionEJ