So I know many people are saying that this Wyckoff accumulation pattern has been invalidated due to the lower highs and lows we have been getting but I still believe this is part of the wyckoff accumulation and we are really close to the markup stage. Here is my argument to why its still valid. So first off wyckoff patterns are never 100% accurate and we can prove...
Looks like BTC/USD is finally about to breakout from the falling wedge it has been forming since the big dump to 30k. It has also been forming an inverse head and shoulders the past couple of days and is really close to breaking out. This would be a great area to enter a long position on BTC, maybe wait for a retest after the breakout with high volume and then...
So USD/JPY is looking pretty weak atm after it has been rallying upwards for a couple months. As you can see USD/JPY retraced onto the .618 retrace and moved up from there and formed a rising channel + a double top which are two bearish signs. During this whole upwards movement the chart was making higher highs and higher lows however, the RSI and MACD have been...
XRP/USDT has just formed a bullish Gartley which is a bullish harmonic pattern. Perfect entry would be at point D of the pattern but since it has moved upwards since then you might want to enter a position after a small pullback from any of the targets I have placed according to fib levels. There is also a bullish divergence on the MACD which is currently playing...
Bitcoin is right now forming a bullish cypher pattern which is a bullish harmonic pattern. If it plays out a perfect entry would be around the $34600 area. Target would be 41-42k. Here are the following reasons why this would be a great entry: Hidden Bullish divergence on the hourly. Bullish Cypher with almost perfect retraces. Perfect retest...
Chainlink is looking pretty interesting as it has broken out of a rising wedge and is back testing the resistance as support. We also have support coming in from the previous high of 2020. There is also a hidden bullish divergence playing out on the MACD indicating a possible move towards the upside if BTC doesn't take a big shit that is. The $18 area is a pretty...
For the past month Bitcoin has been in a very boring sideways moving range. However this pattern shown in the chart is a Wyckoff accumulation pattern which is used by the big whales to manipulate the market and acquire as much Bitcoin as possible while making the weak hands sell their Bitcoins by bulltrapping and bear trapping as seen in phase B and C. If BTC can...
This chart shows how the market is being manipulated by whales. The pattern shown in the chart is a classic wyckoff accumulation pattern. As of right now its beginning to enter phase D which is supposed to be a big move towards the upside.
This chart shows a symmetrical triangle that has been forming for almost 5 years. Could be something big to look out for. COINBASE:ETHBTC