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Wyckoffmethod

BTC Long Continuation Hey Team, After a successful break, I am expecting a test to around 52000. Key things I am looking at *Lack of volume coming in from supply *Ability of price to hold in the 52000 range. *Small accumulation structure to be built in the 52000 in the backing up action Overall the structure looks great and very bullish Notice the following *When supply enters the market the pull bucks are very small and getting smaller - purple arrows. *Break volume of previous resistance with little to no reversals *The first directional bar with conviction comes at a resistance point. I think with the trillion dollar US stimulus we are heading to higher levels.
Long
by DecpBTC
LTC/USD ANALYSISON THE I5MINUTES TIME FRAME A SELLING CLIMAX WAS OBSERVED WHICH WAS FOLLOWED BY A BREIF PHASE A. PHASE B: DEMAND OVERCAME SUPPLY AS WAS REMAINED IN THE UPPER HALF OF THE TRADING RANGE PHASE C: THIS WAS OBSERVED AFTER PRICE FELL FROM AN OVERBOUGHT CONDITION BUT A CHANGE WAS SEEN AS SELLERS FAILED TO ESTABLISH THEMSLVES INDICATING THE LACK OF INTRREST FOR SELLERS TO PUSH PRICE LOWER ENTRY WAS MADE AT 171 WITH STOP LOSS PLACED AT 168 AND PARTIAL PROFITS WAS TAKEN AT 193 WHILE THE REST WAS TAKEN AT 197 JUST BEFORE A STRONG SELLING ZONE THIS GAVE A RISK REWARD RATIO OF 1:7.5
BITFINEX:LTCUSD
by Achieverswurld