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Wyckoffaccumulation

textbook wyckoff accumulation. i believe we are in a textbook accumulation. the last few times was chainlink the front running altcoin. i think this is in the cards again. there is a very clear pattern as you can see. also the market tends to "test" the previous all time highs. so there should be a lot of orders hanging in that area. the trading range is between 0,00067 and 0,00087. as you can see it tested this range several times. this is for the big players to test if theres a lot of sellers in the market. the test below is also to see if there is demand for chainlink. sometimes this patterns goes with a very aggressive spring or shakeout. this is the last test and to shake off all the weak players in the market. it also would touch a lot of stop-losses. i think the level for a spring should be at least 0,00056. the last 3 bullcycles it touched the ath also. and a 15% procent dump is for a altcoin not that much. this would be the perfect buy opportunity in my opinion. if there is no spring we have to look at volume, so we get an change in character. if we overcome the equilibirium at the approx 0.00076 level, i would consider to buy some chainlink. possible target for the coming future is the breakout of the 0,00087, and the previous all time high at 0,0016.
Long
by hendrik87
XRPUSD - POSSIBLE SCENARIO'S - LONG XRPUSD(UPDATE)Hello traders, I am extremely bullish at the moment. My previous idea's were followed perfectly, now I have 2 possible scenario's that I see. The bullish divergence on the RSI give me extra confirmation for a possible next bull run. Scenario 1: Bullish Pennant, XRPUSD has been making lower highs and higher lows, this indicates a bullish pennant pattern in which XRPUSD will break out to the upside and retest the .67-.70 resistance level. If it breaks this, I expect to hit 1.80-2.00 dollars soon. Again, bullish divergence on the RSI gives extra confirmation. Scenario 2: Wyckoff accumulation, this is in my opinion the most likely scenario, I still see a gap that could be closed by retesting the 0.45 support line. After this support level is tested and the market has shaken off panic sellers, I expect a run to 1.80-2.00 dollars soon. And it will not break 0.45 support line in my opinion. Fundamental confirmations: BTC is around it's ATH, back in 2017, the news was hyping the bull run, everyone wanted to buy at the top, that makes it a top, when your average Joe starts buying crypto, you know it's time to sell. There is no media hype like back in 2017 at the moment, this means that institutions and whales are buying cryptocurrencies, which indicate we have a much higher way to go. PS: DO NOT look at the time frames to base your expectations on, I can not predict time frames, I only indicate the patterns en possibilities I see. Most importantly, I do NOT have a glass ball, I could be completely wrong so do your own due diligence before entering a trade and do not trade based on my expectations. I do not trade, I just hold. GOOD LUCK!
BITSTAMP:XRPUSDLong
by Patralis
1
BTC (Y20.P5.E9).Price Action Looks bullishHi, Just making this short. With my updates on the previous BTC posts, I have been indicating we have a good chance to break this ATH for this year. Here is the bullish scenario using Wyckoff reaccumulation schematic 4 example. The only concern is the volume but that to can be increased if it breaks the top. There is a possibility of a double top however looking at the MACD on the 4 hrly makes that possibly less. Currently I cant see any bearish divergences on the mid range time frames. If anything a hidden bullish divergence in the making BTC dominance is also on the rise. Obviously if you haven't jumped in now, its better to wait for the pullback what ever that is. What are your thoughts? All the best. Regards, S.SAri BTC Dom chart
Long
by ssari
BTC/USD: Advanced Wyckoff Accumulation AnalysisIn this post, I will be analyzing Bitcoin's hourly chart based on the Wyckoff accumulation gradient of rising bottoms. Terminology - Preliminary Support (PS): This is where substantial buying begins to provide pronounced support after a prolonged downtrend. - Selling Climax ( SC ): This is the point at which widening spread and selling pressure usually climaxes and heavy panic selling by the public is being absorbed by larger professional interests near the bottom. - Automatic Rally (AR): This is where intense selling pressure is greatly diminished. - Secondary Test ( ST ): A point in which price revisits the area of the Selling Climax ( SC ) to test the supply and demand balance at these levels. - Last Point of Support ( LPS ): The low point of a reaction or pullback after a SOS (Sign of Strength) Analysis - Phase A: This phase marks the stopping of the prior downtrend. Up to this point, supply has been dominant. - Phase B: This phase serves as a function of a new uptrend. This is where professional interests accumulate, at relatively low prices, in preparation for the next markup. - Phase C & D: This is where Bitcoin's price goes through a decisive test of the remaining supply, allowing smart money investors to confirm a markup. If the analysis is correct, this is the phase in which consistent demand dominates supply - Phase E: The asset breaks out, leaving the trading range, and the markup is obvious to everyone in the market. Don't try to predict the market. Take it by levels, and play by probabilities. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight :)
BITSTAMP:BTCUSDLong
by Michael_Wang_Official
2
Rgsport, don't even think to call her real name!!!Been accumulating since the very beginning with clear chart pattern of cup and handle and possible inverted HnS on the right-hand side of chart (the classic accumulation pattern) This study is a little bit too optimistic by taking PnF TP all the way since end of 2018 till date as seen in the chart Grand PnF= 25x0.01x3 = 0.75 TP consv = 0.32 + 0.75(50%) = 0.695 TP2 = 0.32 + 0.75 = 1.07 Currently she just seems to be done JAC and a breakout from the Accumulation Trading Range. Bright side, she stay above the Creek for longer period now compared to previous few breakouts. So, very high chance she is now forming the LPS before the Mark Up phase. LPS intact as long as she doesn't break 350-360 support level (RBS)
MYX:RGTECH
by tradebrewer
Bitcoin is ready to jump very soonDisclaimer Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. I think that Bitcoin is an olympic jumper because it jump and jump and never rest. Well after a shakeout I am watching supply exhaustion and therefore I think that Bitcoin will jump again Disclaimer Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading.
BITSTAMP:BTCUSDLong
by prosumidor
1
Upcoming Upthrust?Hello Traders I want to share with you my labeling of the Monthly Timeframe for Bitcoin according to the Wyckoff Method. I think that the market is currently in a phase B and even when I think that the current bull run may continue until may be $ 18,000 it won't stay above that instead it will do a upthrust as it is expected in a Phase B but what I think is worst is that because the secondary test has too much volume the market will return to $ 4000. I appretiate their comments as I am still a newbie and there is many elements of the Wyckoff Method that I have not managed to grasp yet
BITSTAMP:BTCUSD
by prosumidor
2
Ethereum ready to move up as it has completed Phase D Disclaimer Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Hello Traders I want to share with you my labeling of ETHUSD. This range seems a textbook range as all the elements are pretty clear and I think that this is ready to begin the Phase E according to Wyckoff Method which means that We are to see a break to the upside soon. Thank you please comment and if you think that my labeling is incorrect please tell me as I am a newbie and my aim to publish this is to confirm if what I am seeing is correct Note: What is most interesting the spring is not a regular spring, in fact it is a technical spring, because there is a clear attemp to break support but it fails and then the market recover swiftly and powerfully. It is more bullish Disclaimer Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading.
COINBASE:ETHUSDLong
by prosumidor