Wyckoff Accumulation Pattern Schematic #1 playing out. We are entering Phase E after a Spring / Test.
The Bitcoin symmetrical triangle breakout is going to happen in the next coming days. Set your alerts! This will make a great trade long or short. While I don't believe if we breakdown out of the pattern that we will see the $22k range, it is the measured move price target. Look out for Throwbacks and volume confirmations.
Bitcoin is in a not so beautiful Triple Bottom pattern. Look for a break above with increasing bullish volume vs decreasing volume that we have now. If the pattern does not confirm the next step is to look out for a trading range to develop.
If Cardano sees the same success that Binance Smart Chain did after launching smart contracts in September 2020, we could see a similar move in Carddano. BNB pumped 3,300% after launching smart contracts. When the Alonzo fork launches towards the end of August and all these projects are building (they are already waiting) on Cardano the ecosystem has the potential...
Last time the Daily RSI went from Overbought to Oversold it rebounded over the next 60 days and pumped over 150%. This gives us a price target of $72,000 over the next 2 months. Start looking for those long positions
Here I am exploring the Wyckoff Accumulation Schematics #1 or #2 and the market manipulation we are all feeling, with recent rejections from inverse head and shoulders patterns and institutional buying increasing are strong signs we are now in this schematic. Phase A played out beautifully with a Selling Climax at the bottom of the trading range and an Automatic...
Here in the charts is the possible scenario about the FUD Leaked Conversation calling for $25k, can't find it but if somebody has it post a link in the comments. User was "anonymous" and calling the recent $30k price drop to liquidate a big player. Not sure if this is true, as I called the $30k price target with the Wyckoff distribution pattern I posted here on...
Here is what I am looking at for the potential bull case for Bitcoin in this volatile market. There is a Cup and Handle Pattern developing on ticker BTC.D aka Bitcoin Dominance. This tracks how strong Bitcoin is against all alt coins. If this breaks to the upside past the neckline, we could see a 13% pump to the upside against altcoins. This in turn could also...
Take a look at where we are in the Bitcoin Halving Cycles from 2013 to today, the current cycle support lines have been drawn for months. We are right on track and with this recent Wyckoff Distribution Schematic (see previous charts) it created a great buying opportunity.
In the Wyckoff Distribution Schematic we have entered the last Phase E. Coordinated FUD (Fear, Uncertainty and Doubt) has continued. Price target is the beginning of the pattern around $30,000 over the next week or two.
Update to the Wyckoff Distribution Schematic #2 first brought to my attention by YouTuber "Uncomplication". This pattern is market manipulation by the "Composite Man". As we move into Phase E, see below regarding when to short Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major...
Price trend data leading up to the last Friday of each month, when the Futures contracts expire. Consistent dumping at the end of each month.
Potential breakout or breakdown targets for symmetrical triangle pattern. Volume confirmed breakout required to hit $50,000, take profits before the target. Volume confirmed breakdown for $19,461, go long if breakdown confirmed before the price target is reached.