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Signofstrength

BTC - Final Boring Torturing Phase Before BreakoutAs we can see BTC is behaving very simmilary of what XRP did after the SEC lawsuit in 2020. Wyckoff accumulation pattern is almost done, we just have to go through last boring phase, which could drag quite some time. We could be doing a simple ABC correction. Its a phase where a lot of retail will sell, specially those that bought back in at this recent 24k high. Imagine if prices were to stay hoovering here till Sep., when most of retail tought we are already breaking out. For those who understand Wyckoff accumulation pattern, we are currently in SOS (Sign Of Strength) phase and are haeding to LPS (Last Point of Support) in an ABC style which could be as low as 18.3k so don't get scared if that happens. As far as ABC correction goes, we could be already be done with an A wave and are heading up a bit for a B, but i'm not shore about that as A wave could still be in the making. I am not expecting any violent breakdown as there are just to little long positions open as opposed to short ones. DISCLEMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by CR35
2
Short Opportunity Before LPSHi fellas! This is what accumulation DOES! You will not go up before everyone turns bearish! Even the best traders i know were heading for 37k and boom, stops were hit! Lessons learned, never short the support! (once again!) Now, this is the Show Of Strength moment (SOS) in this accumulation zone. It was quick right? Patience pays off! We had literally tested supply with 10 touches! However, if you are late to the party, or got caught in the opposite direction, it would be best to move on to the next trade during retracement and use this as a short / take profit opportunity. As always, i've set TOTT to take the short for me, if there's ever an opportunity :) I'm expecting a LPS (last point of support) as a higer low around 46k and if that fails, 43.440 would be my second target. Long term bullish uptrend is finally established, BUT 50k is very important to cross, otherwise this uptrend may come to an end! Take profit during retracements and ride the winner. But, hey what do i know. Trade safe!
Short
by BitcoinMillio18
13
Berkshire Hathaway Inc (BRK.B): Sign of StrengthAnalysis Forecast: Expect to trade higher, 1st target at US$293 Analysis is For: Single Stock Tactical Allocation Swing Trading - Generate Portfolio Alpha Supporting Technical Observations: 1. Sign of Strength (large volume on buy up day) 2. Fund Flow Index (FFI) Turned Positive 3. Relative Strength Turning but Needs to trade above Zero Stop Loss If BRK.B breaks below 14Days SMA, expect trend return to consolidation or turn bearish
NYSE:BRK.BLong
by Brandon_Leu
Last Point Of SupportHere's the monthly chart for a broader (and cleaner) view of the current price action. Current pull back carries a lot of similarities with the hard fork crash back in November 2018. Both events were the biggest attacks on Bitcoin network and on both occurences the hashrate has dropped significantly overnight. Once the decentralized network proved to be rock solid and indestructable, investors didn't wait long before going back in this opportunity, following a 5 month rally. Many didn't think crossing 42k is the show of strength we have been waiting for and still waiting for 20's. I would call it greed after seeing the clear breakout from the downtrend. You have to react price action as it evolves and this wasn't a regular bull trap situation. A bull trap doesn't take $13k to play, from 29.292 all the way to 42.404 in just 10 consecutive days. This is called nothing but a major sign of strength in terms of Wyckoff analysis and it is the signal that confirms accumulation throughout the trading range. Current correction marks the last point of support, presenting a big opportunity to enter a long position. I believe Elon Musk's commitment on not selling Bitcoin on B world event and the confirmation from Tesla's earning report, ignited this rally and with the hard fork event occuring tomorrow in Ethereum will ignite the rest of it. For me, the question was always accumulation vs distribution and the answer is crystal clear right now. This is why buying at 41k or 37k really doesn't make any difference to me since the destination is set. It's not the time to be greedy. I've also updated the p&f chart assuming 37k as the dip of LPS. If it goes lower to for example 35k, just deduct 2k from lower targets in red and you should be ok. This will be my last post on TradingView and i won't share any updates until next time to sell, probably sometime in November, because i don't want to comment on short term zig-zags. I'm a long term trend follower and i just found my trend, hope you find yours too. Take care and good bye.
INDEX:BTCUSDLong
by BitcoinMillio18
32
Bitcoin Bullish Case Review w/ Volume ProfileNow that Elon & Jack had "the talk" and price jumped 6.5% as of writing, lets look at the charts and review the bullish case. I've first shared the volume profile analysis back in July 8th. At the time i published this analysis 134.000 or an extrapolated $18.76 Billion worth of Bitcoin was sold. Note that the number of Bitcoins are JUST Binance numbers. We multiply this by 4 as the market size of Binance is 25% As of today, right after Elon & Jack's "the talk" this number rose to 146.000 . Adding another 12.000 Bitcoin to the sell side! Yesterday this number was around 154.000, so just today 8.000 Bitcoin's were added to the buy side and that's it. That's the pump! Again, these figures are Binance only. So, when i compare 8.000 against 146.000, i cannot see any sign of strength other than manipulators wanting to sell you more Bitcoin using this event as hopium. Instead, you want to focus on perhaps the most important yet underrated event just happened yesterday as the break of 30k! You might say so what? Supports and resistances are meant to break, but this one was different. It was the low of May, a monthly low AND the low of the current trading range, which must not have been lost - at all costs! Composite Operator wants us to focus on the 6% price increase today, but they already took down 30k, ready to be slashed! I'm not a bear as a default, but i learned the hard way that these hopiums don't end well for me. That's why i stick with my analysis and the bullish case which will turn me bullish. So my bullish case is; 1- The grey area above is the overbought zone, it needs to be crossed 2- 37k stands as the sign of strength and needs to be reclaimed 3- 41.3k is the upper resistance of the current trading range, needs to be crossed When these conditions are met, i will consider being bullish, along with other parameters like volume. Since i have existed at 40k, i have no problem getting back in at 42k and i've stated this on many of my analysis. Todays price action was just noise and didn't even print anything on a p&f chart. What has printed on p&f was the break of 30k and that's the only data point i care about now. It's still pointing 14-16k. Yours faithfully. PS. I've added a free resource page in my signature so everyone who invests time, can learn technical analysis.
Short
by BitcoinMillio18
61
Oscar Properties adjusted Wyckoff eventsMessed up the the sub-event previously, but after positive FA events, I expect this updated view as a possibility. Large insider buying recently, and 2 upcoming financial reports only 1,5 months apart could lead to a "Buy the rumor sell the news" followed by "retest of support"/"reaccumulation"/"letting MA's catch up"/"shakeout" - call it what you want, but the chart seems pretty bullish ATM, in my humble opinion. Be careful, OP is an extremely volatile stock.
OLong
by Veuvee
Artroniq: purely TA, FA inside the oceanArtroniq aka PTB has broken put of its trading range with clear JAC,LPS, and SOS. Based on LCE PnF charting the TP calculation as follow: Pnf = 16x0.01x3 = 0.48 TP consv= 0.14 + 0.48(50%) = 0.38 TP aggrsv = 0.14 + 0.48 = 0.62 TP conservative has already touched. However, using volume profile indicators (visible range), there is no clear distribution in play yet. The current retracement at Fibo 0.38/0.6 might actually its wave 2 of EW. Using TP aggressive, pairing with EW, there is the possibility to shoot for TP 600-620, marketing wise, there are not so many herd yet. and there is a chance there will be news to attract the herd and help to push price up.
MYX:ARTRONIQ
by tradebrewer
BTCUSD showing sign of strength final stage of rocket to the sky9000$ is working as a magnetic line. We can see all different reversal pattern on earth appearing above and below this magnetic Line. Question is why these reversal patterns appears. They appear because of two reasons, price is unwantedly pushed to otherside, after the breakout they move fast and second reason it if they dont appear above or below the magnetic line, Price will attract the current rates and they will stuck on same range for many days. Currently BTCUSD has made triangle pattern above magnetic line, its a sign of strength. It has already done retest now when the magnetic price release btc it will shoot up to 13000$. Hit the like button if you find it helpful and informative and follow to catch every wave correctly.
GEMINI:BTCUSDLong
by Aadil1000x
12