DecpBTC

DecpBTC

Possible reversal zones(PRZ) - notes on chart. Break of lower immediate support would see the likelihood of these levels being visited. Entries identified on the 1hr chart.

DecpBTC

At the moment, I'm calling for a fall on BTC to a new support level at potentially $40,000. The current range has formed a descending triangle in what I am seeing as a re-distribution trading range. Noted a few things observed on my chart *The volume spikes during the development of the TR. Both exhibited bullish behavior that eventually fizzled out into the...

DecpBTC

BINANCE:BTCUSDT is looking like it will go for a run to around $61,000 which coincides with the VWAPm and key area of trading activity. Key Observations Not visible on this chart, I have been looking at the orderflow and the $56000 area has a significant amount of buy limit orders absorbing the supply coming into the market. It looks as if supply is...

DecpBTC

The question on my mind - is this some sort of double top formation that could lead to a decline in price? I am going try to answer the best I can with justification for why this is not, in my opinion, a double top and we are shaping up for push higher; at least to previous highs again and maybe a bit more(from there we analyze the price again). Justifications ...

DecpBTC

Hey Team, I have been monitoring BTC for sometime and reviewed the previous re-distribution on the early 2018 drop. I am calling a low from here with a couple of key things noted on the chart. * I have noted 3 rallies; just by visually observing you can see structural weakness. The last rally has been cumbersome on really bad volume. * Look at the down...

DecpBTC Updated 

Hey Team, Looking at the chart I can see continuing weakness. We are in a TR at the moment which still has bearish qualities. My observations below * Red arrow identifies a very bearish bar to the downside. Context is everything; we have volume coming down from the top producing a meaningful move down. Notice the current price difficulty in exceeding the close...

DecpBTC

Hey Team, Don't understand why the world gets surprised when something goes down and neither should you; as a trader it does not matter whether the market rallies or falls, trade accordingly. I love all these gurus coming out saying "I told you should not have got in BTC or crypto". They miss the point and the gains that were made on the way up. These gurus say...

DecpBTC

The distributional elements of BTC are evident * Classic 3 wave push followed by significant weakness. * Poor rally into LPSY with no continuation; unable to break previous resistance * Current price action is showing a serious lack of any demand. Look at the first box compared to where we are now - no upwards push. * Volume spikes throughout range with...

DecpBTC

Hi Team, Bullish on BTC. Demand is still strong.

DecpBTC

Looking like BCH is in a re-accumulation Key factors * Decreasing Volatility and Volume * Diminishing supply volume on tests to 600 * There is a weekly long term resistance around 490 which the price is sitting beautifully on. I'll keep in short and sweet but if we can overcome the last supply bar on the 3rd of April it will signal bullish intent. My game...

DecpBTC

The underperforming EOS I have had my eye on for a long time and the behaviour of the price is lining up a potential huge upside. In my opinion EOS has been in an accumulation phase since December 2018 and is on the verge of breaking out significantly with supply in strong hands. I am a student of Wyckoff methodology and I love the principle of effort and...

DecpBTC

Waiting on a confirmed backing up action here. I will be dropping to the 5 min chart for a small accumulation structure to be built. Overall healthy looking break - no significant supply has come in showing string hands hold BTC at the moment. I'm bullish to those targets on the chart being around $65000.

DecpBTC

Relatively speaking XRP has been shat on during this bull run with really no significant gains to get excited about. What I am seeing * XRP has been in a down sloping accumulation range since Oct 18 * Broken the down trend but had a capitulation event with very negative news a few weeks back * We have regained our position in a strong zone to the upside. * Note...

DecpBTC

Hi Team, We have entered a small trading zone at previous high which is expected as profit taking is occurring. Looking at the previous top will give us some clues. The FEB top was a quick distribution into a shakeout creating the liquidity for larger players to enter. Remember - distribution are generally quick and volatile whereas accumulation are slow with...

DecpBTC

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...

DecpBTC

Hi Guys, It appears the fall from 58K was a shakeout and we are in an accumulation *Diminished volatility *Diminished selling volume at resistance *Higher lows throughout structure *Spring like action *Inability of price to create meaningful sell off to the bottom of the range Targets are 55K and 58K

DecpBTC

Hey Team, Looking at EOS at the moment due to it moving back to a strong area of previous accumulation. If we can hold here with a small accumulation after the shakeout on a lower timeframe I will be confident in an entry and target with very good potential.

DecpBTC

Wait for low volume test and then enter.