Bitcoin(BTC): Entering Reaccumulation Phase (DROP???)As we are over-expanding on Bitcoin, we also need to keep in mind that we have a really high chance of seeing the "reaccumulation" phase activate soon.
We are monitoring the charts and waiting for a bigger correction to happen before the next bullish market, so eyes open, everyone!!
Soon, we should see a really good buying opportunity.
Swallow Team
Reaccumulation
How I Rode the Gold Trend Using Multi-Timeframe AnalysisHey Traders! 📈
I want to share an analysis of a recent opportunity on Gold that came up, focusing on using multi-timeframe analysis to spot a reaccumulation pattern.
Market Context:
On the daily timeframe, Gold was showing a retracement. By zooming into the 1H timeframe, I identified what seemed like a reaccumulation (REACC) model—giving a potential entry point to go long in this trending market.
The Entry Setup:
On the 1H TF, after a retrace, the price continued the uptrend with strong structure, confirming a breakout.
I entered long, aligning with the market trend and using a trailing stop to manage the position and capture potential further upside.
Floating PnL:
Right now, the trade is floating around 12RR and still trailing! This is a great example of how multi-timeframe analysis can help uncover high-probability setups.
This educational breakdown is meant to help others see the power of combining market structure and risk management to stay in profitable trades. Hope this helps you spot similar setups in the future! 🚀
Leave a comment if you surfed with this trend too!
Ideal Bullish SetupQLYS has one of my favorite re-accumulation patterns that is setting up for a 40% rally over the next few months.
Breakout level = 172.49 (it should complete the breakout on 3/12 -3/13)
*Initial Target = 175 by 3/14/2024
** Target 1 = 184 by 3/22
Target 2 = 192
~Initial Target and Target 1 will hit on the first leg up following this breakout, Target 2 might not hit until the second leg up after a pullback to form higher low.
Expected path/forecast is the black arrow, summary:
- run to 184-192 by end of March 2024 (as early as 3/22), sign of strength
- Pullback to test 172-175 for support, backup/retest
- If that holds it will begin markup to 245 (this could take until August-November of 2024)
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Options Play:
QLYS Apr 19 2024 185.00 calls for around 3.35
Not financial advice
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QLYS trades similar to the rest of the cybersecurity names, so this will be a great supplement play to my main cyber longs PANW and CRWD. QLYS just has more affordable call premiums and can buy more time. Its setup is also more stable to support a more sustained run.
Post Earnings Continuation to 585This idea is an update to my original idea "Earnings Pop to 520" (see link).
NFLX needs to make a sustained break above 569 to initiate the next move higher to 585 (minimum target).
Once we get this break it will take the following path - expected path is the black arrow:
- Run to 585 (by 2/2/2024 earliest, 2/9/2024 latest)
- Pullback to test 577 for support
- Then at least one more leg higher to 600-620 ( point target = 610 by 2/16/2024)
The green funnel represents buying pressure that will drive this higher. The most important channel is the dashed deep purple/blue boundaries w/ solid blue center - this is the demand zone that it will respect during the markup.
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Bigger picture:
If you go back to Jan. 2022, there is a gap down from 563.36 - 566.88. The earnings pop filled this gap and we are currently establishing support in that range.
Confluence at the 585 level as an initial target:
- 0.786 retracement of the ATH (700.99) back in Nov 2021 = 585.80
- larger degree activate markup level at 585, this will act as another bullish driver to send this higher to 610 after 585 is tested
- Equilibrium levels where supply = demand at (2/2/2024, 583) and (2/5/2024, 584)
** Stop loss is a sustained break below 556. It can trade below that intraday, but if it closes below 556 on 2 consecutive days it will assume risk of dropping lower to test 537
Good Luck bears, bulls still have this.
~Jerrymandering 101
LONG WAY TO PARADISEWell, I wish that I could tell you it was easy,
Just take the paved road right to paradise
But the truth is my friend, the pain and suffering never ends
Make amends with medicine, amnesia, and lies
The grains sift coarsely through the hour glass
And they pound like boulders on the brain
All those things you did for fun,
Never hurting anyone,
Careless shadows in the sun, just empty and lame
And it's no, it's no use thinking that you're wrong
The past is old and gone
It's best to move along and find your Avalon...
BTC Breaks Out from 200 Days Range Bitcoin has been on quite a journey, spending over 200 days locked in a range-bound pattern. But, as the saying goes, "good things come to those who wait." Bitcoin has finally made a breakout move to the upside, and it's got its sights set on an ambitious target of $40,000. However, it's essential to recognize that it will likely need some time for reaccumulation before testing the range once more and forging ahead. 📈🎯
Breaking Free from the Range:
Look closer how this reaccumulation looks at 1H time-frame :
We are always moving from one liquidity to another
For what felt like an eternity, Bitcoin has been trading within a range, caught between certain price levels. But now, it has broken free, like a phoenix rising from the ashes, and its upward journey has begun. 🌅🚀
The Reaccumulation Phase:
After such a substantial breakout, it's only natural that Bitcoin would want to take a breath and reaccumulate its strength. This period of consolidation is essential to fortify the newfound levels and gather momentum for the next phase. ⏳🔍
Retesting the Range:
Before aiming for the ambitious $40,000 target, Bitcoin is likely to revisit the range it spent so long in. This retest will serve as a confirmation of the new support levels and ensure the foundation is solid for further upward movement. 🔄💪
Trading Strategy:
Observation: Keep a close eye on Bitcoin's price action and how it interacts with the former range boundaries.
Patience: Be prepared for a period of reaccumulation and consolidation. It's during these times that savvy traders position themselves for the next leg up.
Risk Management: Maintain sound risk management practices, especially when dealing with a market as dynamic as Bitcoin.
Conclusion:
Bitcoin's breakout from its long-standing range is an exciting development. However, it's crucial to remain patient and adaptable. The cryptocurrency market can be both exhilarating and unpredictable, so it's essential to be ready for a range retest and subsequent movements.
As Bitcoin sets its sights on $40,000, make sure you stay informed, exercise caution, and be prepared for the journey ahead.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
Why not coconut :DBitcoin had a 20 week rally starting 21 November 2022 after 23 weeks of double bottom formation which was the sign of strength (SOS) event in this accumulation structure.
Now, after another 26 weeks of sideways re-accumulation type structure, Bitcoin has retested 25k zone multiple times and flipped this once resistance in to support and is ready for the markup towards 48k where i'll be looking to take profits.
Take care :)
KPR Mill Limited - Reaccumulation Review► Phase of reaccumulation begins with a buying climax, wherein the previous rally takes a halt.
► Then a drop is seen which goes to the automatic reaction where other buyers jump in as they see value in the stock.
► After AR, a secondary test happens where another round of selling happens.
► AR and ST define the range of the reaccumulation. Note- at this point we are still not clear whether this is a distribution of reaccumulation.
► Then a spring occurs (optional). This is where weak hands are thrown away from the reaccumulation.
► In between support and resistance, creek occurs where price moves in neither direction doing time-pass here and there.
► Once the resistance is broken, we see big volumes at the LPS - last point of support. This is where we can confirm it is a reaccumulation phase.
This material shows schematics of reaccumulation phase and is only for educational purposes. Please consider taking professional advise from your financial advisor before entering any positions.
Please like and share if you find the material useful.
Bitcoin - Analysis for the next few weeksAfter the accumulation that took place from June 2022 to March 2023, it is now time to test the breakout from the accumulation. There is a strong resistance zone at the $28000 - $30000 USD level that will be difficult to break through. However, breaking through it should lead to a fast move towards the next zone at $37500 - $40000 (where bitcoin distribution occurred in the past, when it was bought below $15,000).
In the near future, I suspect a pullback after the recent growth to around $25000, where there is an interesting support line that dates back to January 2021. I believe that there is a re-accumulation taking place at these levels.
GBPJPY Buy Idea** BEFORE I BEGIN, ALLOW ME TO APOLOGIZE FOR ERASING MOST OF MY DRAWING. I know it would have been more beneficial to leave it but I'll leave it from here on. **
So for this one, I started on the monthly and worked my way down until I could find a nice entry point. On the monthly, I noticed structure and marked off the closest SD zones in relation to the current price. From there I went down to the weekly and daily looking for zones inside of zones.
Once on the daily, I noticed a re-accumulation schematic and dropped to the 4 hour where I was able to find the POI for entry once structure was broken. Now it just a waiting game for price to come back to my entry point.
EGLDBTC: Re-accumulation or Distribution?I have been looking at patterns for re-accumulation for a while for $EGLDUSDT, but it is actually when looking at EGLDBTC when it could really fit with the traditional patterns. As we know, both wyckoff patterns are exactly similar at the beginning, and it is difficult to find out which one could be playing out, if any.
It is difficult to imagine that EGLD goes as far as to overcome previous top, right? But we all thought the same when it did the previous top :) The number of features that MULTIVERSX has created recently is impressive, and it really depends on the discussion that is happening today of having or not an ALTCOIN SEASON coming soon or not.
What do you think?
END OF THE 18-DAY RE-ACCUMULATION CHANNELBitcoin is finally completing its 18-day re-accumulation channel, as it's consolidating at the base with a series of corrective patterns.
Upon closer inspection, we have a series of corrective patterns in 3 waves, as is typical for corrective patterns according to Elliot Wave theory.
Every corrective wave has a counter, and once that counter is complete, then the corrective sequence either continues or the trend resumes. In this case, it's likely that the uptrend will resume and that this mini consolidation on support of our 18-day channel will prove to be re-accumulative.
Bitcoin American Flag for The Win. Sorry Dollar-Drunks... Soft Landing confirming jobs report. Bitcoin Flagging. Your drunk uncle is long the DXY. What else do you need to know?
Sendeth It....
Oh, I guess theres literal 12 day long up-trending re-accumulation going on to if you wanna get "technical".
Short the corn for peak homelessness.
YFII ReaccumulationYFII possibly reaccumulating & re-testing range resistance. If it manages to flip the support, count on gains reaching at least to the 1.618% Fibonacci extension as it puts another leg up. From the present zone, this amounts to roughly a 14% gain. Keep in mind the 1.618% extension is conservative; it may well go higher.
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with high win ratios (80-85% average). I trade fulltime and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR and trade at your own risk.
MUSE: 35-50-70% ReaccumulationHere's a recent one I shared with my group. Volume-Spread readings point to a possible re-accumulation range for Muse Dao. To capitalize on the potential markup, I designate limit sells on all three of the Fibonacci extension levels. I will not go over the 1.618% zone, as this marks the mitigation area of a major sell order block and where the asset is deemed overbought. Invalidate under 7.9
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with high win ratios (80-85% average). I trade fulltime and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR and trade at your own risk.
Huge Reaccumulation on DXYPerfect reaccumulation on DXY💲
The huge, almost eight-year DXY reaccumulation is coming to an end. Given the negative correlation between traditional & cryptocurrency markets and DXY INDEX, and the recent signs of weakness in the markets, we can expect the dollar to strengthen at the expense of the markets.
Further declines in crypto market and traditional markets are very likely.