Here'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...
After testing the edge and making the bounce back to the top this analysis is favouring the bullish scenario. Volumes are confirmative and a Breakout with a successful pullback will definitely add to the Long scenario.
Perfect 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...
Probably one of my favorite pairs to trade because of the clean schematics it presents. We confirmed last week a re-accumulation by breaking the 135.600 area. I was waiting for price near the 133.800 area for evidence of buyers accumulating orders to continue CHFJPY`s massive bullish move. During London PA, we saw that evidence and on LTF`s the presence of yet...
1. Who is “Wyckoff”?: ----------------------------------------------------------- Richard Demille Wyckoff (November 2, 1873 – March 7, 1934) was considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the...
CHZ is ranging since March 2021 – almost 1 year. Support at $0.20 was tested many times before it breaks and price drops at $0.16. After a couple of weeks of accumulation, price pass through $0.20 to $0.24 confirming in this way the shakeout/spring. The are some long shadow candlesticks between May and June 2021 - an indication that large traders entered the...
phase A stopped the trend, now we are currently in phase B until there is significant demand/supply to bring us out of the zone. A break above the red line would signify a minor sign of strength. this hints that the upside potential is very possible. With a gap to fill short term, i believe we will retest one of the green boxes. Another sign we are going up is...
After finding Wyckoff reaccumulation zones on Ethereum AND Bitcoin. Now I see it on silver too. Please leave me your thoughts and feedback.
WHAT WE HAVE Daily Wyckoff Reaccumulation pattern Monthly / weekly linear up trend Bull monthly channel (waiting for contact with resistance) WHAT I THINK One of the best view we can see here for a reaccumulation and continuation setup. This isn't a signal for entry on market for the moment but here we have the context. Should we expect a spring ? No,...
I decided to combine block analysis (the Wyckoff distribution method or "smart money" in the people) with Elliot wave analysis and got the following picture. We are in the plane where wave B is now. Spring 2020 was Shakeout. At the moment, Western Digital (probably $STX Seagate) are ready to accelerate significantly (on the background of the rapid growth of...
7 Essential principles we have learnt this year from trading weekly charts: -Weekly charts are where the real $ is. -If you are looking at weekly charts, don't get caught up in the short term volatility. Unless trading the 1D and 4H charts, of course. -Identifying the accumulation or re-accumulation zone early is essential. -Don't expect the price to start...
The price of Algo has broken its solid resistance. I believe this is a Spring event on a reaccumulation pattern. There is a lot of Fear which indicates a good moment to buy. I do not recommend leverage as it has a really high risk, but if you already have ALGO and want to stack I believe it is a good moment to buy more. Do your own research.
We are dealing with a consolidation at the level of 48-50k. It is possible that we will still reach the level of 46500. If there is a very quick return with the wick, we will go up quickly.
I think we have an accumulation. There was strong resistance at 58,800 (you can see selling pressure at the wick). There was also a strong support at 56,000 as well as an average volume level of 57,100. This makes us stuck in the consolidation. I think there is still spring ahead of us. There I will try to enter long. The top exit will take us to 64,000, the...
The price moves interestingly, seems like it has trouble continuing a bullish movement right now - the price entered an equilibrium, in my opinion, it's a reaccumulation that will break strongly upward I will break the stages down 1. SC - AR - ST - Small Correction: Those created and completed Phase A - Stopping the previous trend: the fact that the correction...
This presentation is for informational and educational purposes only; it should not be construed as investment advice of any kind. As mentioned in previous post, We expected prices to jump after the absorption of supply. We achieved our first and second targets (+31.5% , +50%); perhaps we may now move towards achieving the third target. Re-accumulation process...
worth to check - almost one year reaccumulation range.
ETH bounced at the lower boundary of the pitchfork. It has not quite reached the .382 fibonacci retracement, which sometimes happens when demand is high. There remains a risk that ETH still tests the .382 fib mark. Elliott: We can count a complete wave (c) with five subwaves (in green). Should price decline further, we adapt the count to an ending diagonal. If...