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Shakeout

XRP Accumulation for 100% returnI believe we are in a prolonged, multi-asset bear market. With that said we have not had a significant retracement for months. We are overdue both in time and price. A break of the recent lows will do the following: 1. Stop out any currently accumulating bullish positions with stop losses 2. Trigger entries for short sellers expecting a larger downside move (creating liquidity above for buyers) 3. Increase overall fear, making it difficult for retail to buy To me it looks like a perfect storm for price to catapult up to .60+ at which point I would highly recommend taking profits as the aforementioned bear market has not yet ended.
BITSTAMP:XRPUSDLong
by theroadtoprofit
3
BTC 33K SHAKEOUT BEFORE BULL-RUN 2.0I have mentioned in my earlier posts that we are in huge rising channel on the weekly timeframe. On the weekly we are looking bullish, however on the shorter timeframes i see some bearishness. On the daily BTC has printed a bearish engulfing candel which tells me that retest of the bottom of the channel is most likely to happen. But that makes me even more bullish because RSI is most likely going to make bullish divergence which will bring us bull run 2.0 What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
Long
by Mladen94
BTC Bullish Idea.Hey guys, here is what I am looking out for from BTC over the next 30 days. This idea is based off the Wyckoff accumulation pattern. It's a classic retail shakeout tactic where institutional investors fill or their cheap BTC orders while we sell low and buy back high. BTC dominance is starting to trend higher so Alts will likely get wrecked over the next 30 days. Time to accumulate BTC for the long term. Not financial advice, do your own research. Its a very high risk and volatile period. More updates soon.
by UnknownUnicorn15302902
7
Shades of the Shakeout of Oct 2019In October 2019, the charts looked very similar to what we're seeing now with BTC. Price had been falling for more than a month and the 200 EMA was providing heavy resistance. Everyone was talking about a looming Death Cross (where the 50 EMA crosses below the 200 EMA). We saw bullish divergence and seller exhaustion on the daily chart (similar to today) and were positioned for a strong bullish move. However, on Oct 22nd, there was a strong selloff and the price fell about 10%. This move triggered countless stoplosses and liquidated an enormous amount of leveraged longs. Chants of "Bitcoin is Dead" were all over social media. Then, just two days (or so) after the dramatic drop, BTC rocketed up 40%. The drop in price on the 22nd was a Liquidity Grab/Stoploss Hunt. Big players need liquidity in the markets in order to fill their desired position sizes. Many traders provide that liquidity by setting tight stoplosses at critical decision points. The traders that panicked or got stopped out on the 22nd, missed the 40% move on the 24th. I'm **NOT** saying history is about to repeat itself or that we're going to jump 40% from here... I'm just saying that now is exactly the wrong time to panic. I'm still expecting a strong bullish move that will catch many by surprise. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
Long
by mercury_rising
3