THE ACCUMULATION AND DISTRIBUTION PHASES is a theory where one believes that an asset can be purchased at a low price and selling later at an higher price. Those phases are driven by institutional trading, whales and someone that moves the market when buying or selling. I see we might be in one of those accumulation phases at medium term and for the long run we...
Scary fractal? Even the news are similar. New variant with reinfection capabilities.
There is clearly a cycle and a relation with price. What can we expect, a continuation with price surging, or some rotation to alts untill the end of the year and a crypto winter right after?
50K - kill or die. Only with a very strong factor this will continue to rise. Profit. Distribution zone. BTC to USD. RSI and VOLUME vs PA
For future reference against: - short squeeze 42-44 to 48-50 - massive sell-off from late buyers, profit takers, miners from china that have to move, and whales with leverage in short positions. - 26 to 24 key resistance, all as Wyckoff distribution Phase E I think this would invalidate the S2F theory... :-| that, I think, it still is in play now.
If true, it will also bring $ARKK to the demand zone.
- 66k as ATH if breaking triangle/ 60k resistance - potential rejection at 59k before breaking triangle
H&S then dip to neckline (maybe a bit further). Then big consolidation at 50k before new rally. News driven asset?
Inside the preview idea, a possible adjustment. I think SPY will have a word on this today.
For the last published palladium idea: Entry points, resistances and supports. If it breaks resistance upwards, using new support as entry for a sure entry. It is possible to entry on the actual support (S1) and "hope" for a break upwards with a strict SL right bellow range. Risky. But for a scale in strategy, could work. As there is a small RSI divergence (red...
Palladium. Trend usages (today): Catalysis Electronics - The second greatest application of palladium in electronics Technology - Hydrogen easily diffuses through heated palladium Hydrogen storage - Palladium readily adsorbs hydrogen at room temperatures. Looks like the usage will make it pricier. Palladium will continue the trend? Fractal to a long term...
If 30k holds, maybe we see up rising instead of further consolidation?
For future references EW FIB and MAIN CHANNEL and SHORT TREND Price squeezed between the yellow and blue channel.
If 17k broken, can BTC go to 14.5k or fundamentals are too bullish to go so deep and 17k wont break? Then 17k is best buy zone.