Richard Wyckoff's methodology is one of the fundamental bases of technical analysis, allowing for a deep understanding of market structures and cycles. In this article, I want to present my analysis of the re-accumulation structure on the BTCUSD chart, which I created using the main principles of Wyckoff. It is important to note that real market data can differ...
After a rapid rise, we got strong reaction to the level of 25000 with an intense pullback and the absorption of almost half of the upward movement. This indicates that it is too early to talk about a hike above 25,000 and BTC will take time to build up strength. The time for consolidation has come. Estimated Consolidation Range: 22600-24300
Smart idea: SHORT from 300 1. Pennant may continue with a downward break-up 2. Head & Shoulders pattern 3. Fundamental event: launchpad unlock at Binance
Hi folks! Historical event took place yesterday — one of the best long-term indicators “Hash Ribbons” showed a signal of Miner Capitulation, Charles Edwards from Capriole.io confirmed this on Twitter. This means that now it is extremely unprofitable to mine bitcoin, and they turn off the power, reducing the hash rate of the network, or sell the mined bitcoins to...
Hi folks! Today, IMHO, could be decided further direction of the market for the next 3-6 months. I found very similar technical situation on the chart of the previous bear market in 2018-2019. I took 2 fractals taken place in the past and applied them onto today's BTC chart. So similar, isn't it? Decreasing volatility and increasing volume. Even timing is super...
There are 3 possible scenarios: — If we brake 25000 and stay there, it could be a sign of further level of consolidation 25000-30000 — Then, If we break 30000 it could be a great sign of finished lower bear market, if we fail to break 30000 we may see 20000 again — If we lost 18000-19000 support, we may see cascade liquidations and lower lows at 15000 or even...
Hi there! During the last 30 days, BTC has been moving in a massive channel, which is a part of the Bear Flag (trend continuation pattern), thus a bearish trend will continue after the pattern is completed. Of course, on the market, you hardly find perfect pattern shapes that's why it is recommended to trade only after the confirmation of the pattern,...
Hi mates! Today I'm going to briefly review what happened last 30 days. Let's go! 1D TF Looking at the daily chart, we can see a perfect range between 28000 and 32000. What is interesting is that from the halfway through this range the price started squeezing upwards, meaning buyers' accumulation activity. So if we hold the 29000 level we would see a massive...
Hey Crypto Friends! Last week we saw epic times in the crypto market and in Global Markets as well. The most painful fact is that Crypto strongly correlates with US indices. We must break this relationship so the Crypto Market could really become a defensive asset. I believe it will. The FED is pushing the Dollar TVC:DXY up by sacrificing everything else....
Hey crypto mates! Yesterday's markets relieved stress and exhaled after predicted FOMC decisions. We've got confirmation of the reversal move of BTC towards 40000. If the existing Bullish Flag pattern plays out successfully - the next target will be 42000. Good luck and stay tuned! P.S. Don't forget to fix profits and buy yourself something nice :)
Friends, reviewing the 1D BTC chart, I noticed that we had at least 2 SL hunts with massive pullback and global uptrend channel continuation. Now we're in a very similar situation and I expect the 3rd SL hunt to the are around 36000. What do you think, may this happen? Share your thoughts in the comments!
Hey friends! Yesterday was another painful day for bulls 🐂 - the whole market has been bleeding 🩸 Heavy fear has come. Today is a new day and there are new chances, let's take a look at the chart. The bad thing is that we felt under 2-years PoC on the level of 38888, this is strong resistance now. The good thing is that above we have a Value Area where buyers...
Friends, Welcome to my Daily BTC Review, yesterday, at the start of the week, we observed a strong upside impulse after the US trading session began. Is it a good sign or just deception? For the last 24 hours, we've got rejected from the 41300, we can consider this as a strong seller presence. Now we are exactly in the middle of big range of 39200 - 42000 and...
Friends, My yesterday's forecast had failed because it was not aligned with my own long-term market vision . The lesson learned: I should always check the global vision even when trading intraday. WHAT WE HAVE: The price dropped to 44500 covering the gap of 45-47 formed during the last weekend - that was technically expected: the gaps must be covered sooner or...
It’s seems to be very similar story like it was in August 2021. Same levels, same volumes, same sentiment. On the chart you can see two price patterns taken from above mentioned period. On the 7th of February I expect one of those scenarios will be happened. — Follow my socials about.me
Analyzing the previous cycle that started on the 14th of April 2021, we can clearly see that the current cycle is almost identic in terms of date & price range. From the moment we broke down 46000 and started free fall till the day we broke up the same milestone and returned upper passed 80 days. The next range of 42000-52000 lasts for 60 days, then exponential...
Hi, guys This is my very first video review of BTC in English - hope for your support & feedback) The last 12 hours were not good for a lot of people who have bet on the growth continuation of the main cryptocurrency and the whole market. Along with US major indices that were dumped from the very beginning of the US trading session, we faced the BTC -7.77% dump....
Friends, Welcome to my Daily BTC Review, yesterday, at the start of the week, we observed a strong upside impulse after the US trading session began. Is it a good sign or just deception? Share your thoughts Additionally, please check out my related idea with a text version of this analysis below.