highleverage47

highleverage47

Beyond the trillion dollar market cap resistance and the PR dump, some charts show why now is not the best time to buy ( Price target $300 EOY ). If the top isn't in already, we are close. First shown, the daily macd is about to flip, as it similarly did after the previous all time high. Next is the separation from the weekly ema ribbon: Similar separation to...

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Ford running into strong support SL: 9.92 TP: 14.96

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Could be a good week thepatternsite.com

highleverage47

Wyckoff accumulation looks like it is confirming (Up 5.7% since last post). Easier to see on weekly for the critics lol.

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Possible Wyckoff Accumulation forming between BTC and the rest of the market. Reference: forexop.com

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As ETH starts to look like the market indicator (up over 30% against BTC since the bottom), this is a brief outlook on future resistance and support. Above the lower lines of support, the bottom of the daily EMA ribbon (1340) could be another strong area of support On the other side, horizontal resistance can be seen on the 4hr Beyond that the weekly EMA...

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BTC is testing the daily EMA ribbon, but failed the previous two attempts. Both failures led to over 40% dumps so hopefully this time is different. However, if the trend continues and BTC dumps 40%, it would be in the $13,000 range.

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Ada potentially gearing up for a big move with this inverse head and shoulders set up. These aren't the strongest performing patterns, so be patient when trading. It is also hard to be bullish while ADA is under 1.00, but this could change everything if it plays out. The price target of this pattern is the 1.60 range, a 75% pump. We are also testing key levels...

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As the 4hr EMA ribbon flips bearish, Bitcoin is facing consolidation similar to the last time it flipped. If this bearish scenario repeats, we could see a 14% dump to the $33,000 level . Despite this bearish pattern, some signs of hope can be seen for the bulls. Right before the last pump, the price fell below the recent point of control on the VPVR, and...

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This dip could be setting up a wyckoff accumulation schematic. If this confirms, there will be opportunities for trades in both directions. The same accumulation schematic that I was previously following fell apart between phase D and E, but that was on the 1hr chart. Zooming out to the daily chart, ADA is also running into extremely heavy support between 1.02 and...

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If BTC repeats itself from the last time the ema ribbon on the 4hr couldn't flip bullish, we can expect a deeper cut. This price target would also coincide with the head and shoulders pattern I posted about in December I closed my long positions as candles closed below the ribbon, luckily before things got ugly Zooming out, this looks like the last chance...

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For the first time since the $51,000 range, the EMA ribbon on the 1hr chart has flipped bullish. With the RSI also holding the 20 ma, the idea of a long could be entertained. I am personally waiting for the price to break the 4hr EMA ribbon and close above before I enter a long position, shown here I would also like to see the RSI continue to hold the 20 MA on...

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As BTC Dominance approaches all-time lows and shills are screaming "alt season", it is important to keep our eyes elsewhere. Yes, it is true that alts pump as dominance falls but there is a bigger picture playing out that is much more important. This is the possible start of a bear market because last time we saw dominance this low, BTC dumped over 60% in less...

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Things are getting tight for ADA on the smaller time frames, which could set up a nice trade in either direction. Things to keep an eye on are the EMA and MA ribbons, as they will be acting as resistance. Shown below for reference Potential trade setup: Looking to scale out at 1.48 (9.4%) on a long and 1.18 (6.5%) on a short . Be cautious of fake outs in...

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BTC is showing a potential head and shoulders formation, similar to before the dump in May. If this pattern plays out, we could be retesting previous lows of 30-28k . Although I am remaining bullish and buying the dip, it is important to see both sides of the market and be prepared for downside. On a bullish note, you could also say BTC is following a similar...

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The Wyckoff Accumulation Schematic has been playing out perfectly, as consolidation was predicted on my previous update. As ADA enters the long zone, be patient and wait for full confirmation. Here is the chart from my previous post for comparison For the full previous Wyckoff update click the chart below Wyckoff Accumulation Schematic for reference: forexop.com

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As we enter the previously projected price range, the schematic tells us to expect consolidation. The target range is between 1.50 and 1.45 with a possibility of 1.40 . Zooming in on the charts, here are the potential measured moves projected by the schematic The volatility of crypto plays a roll in the slight discrepancies, and explains the wide target...

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ADA potentially gearing up for another move to the upside if it keeps following the schematic. The current retest of important levels was predicted from following the accumulation schematic, indicating the next move should be towards the 1.53 - 1.57 area . Wyckoff Accumulation Schematic for reference: forexop.com