you can see this across the board: defi is botommed on usd and btc pairing. sushi will hit new ATH from here
Accumulation occurred just above where it was prior to the rally to the ATH. I expect the ICE to be retested where price failed to hold, which is the first target around $3.74. Second target is approximately at the range high.
Invalidation is any daily close below $25. LINKBTC and LINKETH suggests we'll outperform
There are some true gems on Kucoin. Great day to be a buyer.
BTC tested 30.8k and had a good reaction. ETHBTC has shown great performance during this sideways. If we have an accumulation bias, this is the asset to long instead of BTC.
complex reaccumulation structure. I'm not overly concerned with the labeling early in the range, as I'm really only interested in the later part of the range. If this is a terminal shakeout, we should have a trend within this range and breakout to a new ATH. Looking to hold this to $10+.
Alts perking up. Dominance continues to trend down with BTC consolidating in what appears to be a reaccumulation pattern under the distribution range (50-65k). If BTC can manage to stay in this bullish range or break above, we should see many alts run and outperform it.
We have a clear flip of S turned R back into S at $0.19 on the USD pair. When both USD and BTC pairs line up like this, I am aiming to be at the base of a parabolic move.
Use LTCBTC when LTCUSD goes into price discovery. Invalidation is a monthly close below $147
Cindicator has been in accumulation for nearly 1,000 days. This is a simple breakout and retest setup of the accumulation range, which typically yields a parabolic wave.
Review XLMBTC for higher targets. Hold this asset to new ATHs on the USD pair
LINKUSD, LINKBTC, and LINKETH pairings look to all be on support and buyers are accepting higher prices. Take profit on the LINKBTC chart at strong resistances
Great study to show Distribution and (re)Accumulation with respective volume signatures. Terms: BC=Buying Climax SC=Selling Climax ST=Secondary Test AR=Automatic Reaction UT=Upthrust (distributive) UA=Upthrust Action (accumulative) PSY= Preliminary Supply LPSY=Last Point of Supply LPS= Last Point of Support BU= Backup mSOS= minor Show of Strength MSOS= Major...
Everybody's favorite has bullish divergence forming right above accumulation range high. In Wyckoffian terms this is a Show of Strength (SOS), which we typically see before significant markup. Accumulation range has been building for almost 2 years, and we see many analogs that show this yields huge upside. (ZEN, MTL, ADA, etc.)
Always interesting to see setups like this with bullish events on the horizon.
Trade the RHS (Right hand side): Bottom buyers have to wait for the whole accumulation process where price just goes sideways and does nothing. This is lot of time to have capital tied up when it could be working for you.