Kentg

Kentg Updated 

Let's do the point ! One word : PRESSURE ! You know the pattern : Exhaust - Pressure - Volumes, in LDTP #1 you will find the exhaust, in LDTP #2 you will find the internal pressure (You can find both of the ideas attached to this one), and here the pure pressure (with some volumes too). But more ! On the LDTP #1, I spoke of the importance and the role that...

Kentg Updated 

I will not develop the wyckoff accumulation pattern again, I made already a lot of idea about it in the past few days and on short timeframes and don't really have time to write a lot right now on a trading session. So I will just say that we are always in market psychology pattern, the accumulations of this ones on the few last support, show the interest of...

Kentg Updated 

Let's do the point ! Yesterday we spoke of imbalances especially here in breakout (you can find it attached to this one) and how pleasant it is to have finally a technical candle. New candle today, new anomaly and always more pleasure ! First like yesterday we saved the support on the closing so we are always in plan to search an entry pattern here. But what...

Kentg

Let's do the point! Long time since the last update, yesterday I was commenting the past idea (you can find it attached to this one) and I said that one week past and how much it was boring days. Here we have actions, and so things to say. About the past idea : the observation of the lack of buying volumes said true, which mean another time that patience is...

Kentg Updated 

Long time we didn't take a large view of what's happening on bitcoin so let's talk about it ! I will not lie and enter directly in subject: What a mess ! I really don't like this pattern for the moment, even when I clean it, the structure stay like chaos. So it will be more technical to explain. First the last selling exhaust (0) is mixed with a buying...

Kentg Updated 

WHAT WE HAVE Daily Wyckoff Reaccumulation pattern Monthly / weekly linear up trend Bull monthly channel (waiting for contact with resistance) WHAT I THINK One of the best view we can see here for a reaccumulation and continuation setup. This isn't a signal for entry on market for the moment but here we have the context. Should we expect a spring ? No,...

Kentg Updated 

I will make fast, here the setup you start to know now : We have a strong selling exhaust followed by a buying pressure conclude by buying volumes on support area and levels (resistances pullbacked becoming support, basic setup here), so the setup is in place. I want to insist on another thing here, we have a nice candle of buying volumes but already really high...

Kentg Updated 

Again and again we can speak of Wyckoff on BTC like this past few weeks. Last pattern on 4 hour timeframe failed and didn't gave long swing opportunities. Unfortunetly, nothing to say for the moment on daily / 4 hour timeframe (we are always on the support area (gray area) and we wait for a signal or a breakout to identify new patterns), so I will do an update on...

Kentg Updated 

Conclusion since the last analysis : we are always waiting for buying volumes and like I said in the few past analysis (attached to this one), if we don't find some buying volumes we will go deeper to find some. So, we didn't find buying volumes and it's kinda frustrating because the setup was pretty to have a good signal : exhaust of volumes, buying pressure,...

Kentg Updated 

We are in the area targeted in the past analysis, we have a nice reaction on the spot, we have strong volumes, augmentation of the volatility, the stop hunt have been effectued, the spring is going on. So what are we waiting for ? The structure of the pattern is clear : we have exhaust selling volumes, buying pressure on the spot, confluence of levels. So we...

Kentg Updated 

Here we are again, like said in the past analysis (attached to this one) we can see the stop hunt pattern. We lost 4,6% in approximatly 20 minutes and all of it due to the stop hunt pattern. However it don't seems to be a flush to my eyes (for the moment at least) so this mean that there will be opportunities to enter on the support. And it's not finished too ......

Kentg

Let's go directly to the goal : I said to be careful in my last analysis because we didn't had buying volume on the pullback spot (you can find this analysis attached to this one). Effectively it didn't lie, we are back on the spot with a high volatility risk for the next hours/days. WHAT WE HAVE ? Down channel break by the top, one pullback already made,...

Kentg

Let's do an update about what I said in my last idea about BTC evolution for next days. So I said that market was undecided and it was better to wait and see where the market want to go to follow the trend. In the bull analysis I said that we needed a strong pullback with a reaction on the resistance of the down channel broke (You can find this analysis...

Kentg Updated 

DECISION PROCESS Trend is progressive (exponential selling strength to target price level) Strong selling exhaust (price is moving strongly with volumes) Buying pressure (First buying signal appear on support levels) Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle) TIPS - If market is lateralizing...

Kentg

WHAT WE HAVE Down channel (primary support witch is better to expect an up breakout) Strong breakout (price is moving strongly with volumes) Strong pull back movement (witch is better to see creation of an up trend, ofc it must react on support) WHAT I THINK First I will say, this isn't a long signal because the setup appear after a short daily setup like I...

Kentg

WHAT WE HAVE Down trend (degressive actually, selling pressure well represent in volumes) Strong buying exhaust (price is moving strongly with volumes) Selling pressure (First selling signal appear on fictive level) Contradictory strength (Second selling signal appear with a selling volume candle) WHAT I THINK First I will say, this isn't a short signal...

Kentg

DECISION PROCESS Trend is degressive (logarithmic selling strength to target price level) Strong selling exhaust (price is moving strongly with volumes) Buying pressure (First buying signal appear on support levels) + Volume pressure but I prefer to wait two signals on two different candle (otherwise it could be already an entry). Contradictory strength (Second...

Kentg

DECISION PROCESS Trend is progressive (exponential selling strength to target price level) Strong selling exhaust (price is moving strongly with volumes) Buying pressure (First buying signal appear on support levels) Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle) TIPS - If market is lateralizing...