What's next? Do you think a Wyckoff spring is coming?
Are we in accumulation phase B? The history will prove or confute.
What do you mean guys? As you see I'm quite bullish, bc of these thoughts.
The bitcoin shows us a great on a lower time-frame (H1) with a great Risk Reward Ratio. You can see the main support and resistance levels based on Wyckoff theory. These create our trading range. Even a leveraged trade can be possible, but be safe with risk management!
This analysis is based on ( coinmarketcap.com ) historical datas, check it.
!!!The green (entry) zone needs to be confirmed before the entry!!!
!!! the predicted waves can change !!! FTX:RUNEPERP
Here are my support and resistance ideas, check my classical and EWP LINK-USD analysis too
Hey, this is my SHORT plan on the LINK-USD daily chart. I used classical trend lines and EWP, but the weekly and daily key levels (support and resistance) are important too. Check my support and resistance ideas here:
REASONS OF CORRECTION: 1. acceleration shows that the market is crazy 2. the rising wedge shows that the buyers are exhausted 3. RSI bearish divergence 4. the previous resistance (621.65 - FTX) seems important now too 5. the Elliott wave counting shows, that the market is in the 4. (minor on my chart) wave; the correction wave 4 builds often a long, delayed...
1. Breakouts have two component: breakout candle(s) and confirmation candle(s); confirmation = the opposite of trend ---› correction 2. The acceleration shows a crazy psychology behind the scenes, thats why the correction follows the acceleration 3. RSI bearish divergence The 50-61.8% zone of the break out wave is important, but I think the correction of ATH...
ETH can be in the 4. correction wave, a pullback to the top of the range can be later a long entry in the 5. wave.
classical and ewp thoughts about GBP USD 1. the price moves between important previously price levels, I'll watch this range; I keep my eyes on 1.34832 price level 2. the EWP counting shows a very powerless 5th wave in the 5th sub-wave (minuette)
There are 2 trade options: 1. Range trade: the price failed to form new highs and lows, and now it moves in a range. 2. Trend trade: after the range breaks, we can build trend trades. We have to be patient.
YFI is in a strong bull market. The previous bear trend line was severely broken, so the buy power can be strong. The higher lows, highs series shows a new impulse wave. I try to find a long entry in the 5. wave...
1. The previous high and range zone are important 2. The (2) corrections was 8 hours long, the (4) can be longer (EWP rule)