After Bitcoins recent decline below key support level of 42K there is a lot of belief that Bitcoin and crypto in general are entering a bear market. With that key loss of 42K and multiple rejections in the assets attempt to recover and commit above that 42K area this argument for bear market holds lots of weight... HOWEVER Are we about to see a dead cat bounce...
Price broke out of its re-accumulation zone that started since early Sept, it continued to mark up with Bullish character (Rally with increased volume and react with low volume). Supporting the market are Relative strength showing outperformance against the market and technical indicator MACD displaying positive momentum. 1st target level will be at S$0.95...
Expecting further upside after Tencent leaves Re-accumulation Phase (Trading Range) possibility entering in Mark Up Phase. Over the Re-accumulation range, stock showed the transition from supply dominated action to weakening of supply to demand dominated action. Stock is trading relatively stronger than the broad market (RS above zero), indicating strength in...
Hello everyone, this is my analysis . LETS SEE. GOOD LUCK!
Hello everyone, this is my analysis . LETS SEE. GOOD LUCK!
- Volume drying up. - Might be last point of supply Mid term goal: get the levels prior to the corona crash of march 2020
Reaccumulation analysis and price target (using horizontal PNF chart count method). Potential entry area indicated.
After BTC flopping it went down with majority of the crypto, We have since seen reaccumulation occur on most cryptos and dodge is one of them We are now in phase D of the wyccof reaccumulation as we head to the last phase. The reaccumulation is one after shake out
Hi all, I've shared Wyckoff Accumulation scenarios in my previous analysis, but there is another scenario in case the secondary re-test at 30k is successful. That is the re-accumulation. Re-accumulation occurs in long term up trends resulting with continuation. Given we are in a bull market and just in the middle of the bull run, it is more likely to happen...
Today was very likely the final day for btc correction forming some kind of a W bottom. Looking at the market, everything was red ...except XRP. It was also when, just before the final btc crash xrp pumped 11-15%. It did hold above $1.30 as btc and other market was crashing today. On the chart we can see that the fib. extension has been very well respected in the...
Gold final reaccumulation before major move down
Finally, the price breaks out of the trading range environment with a high momentum rally can be considered as a sign of strength, seems is completing the backing-up action (pull-back) on the previous resistance area. The potential mark-up rally can be started after the backing-up action. follow the price action and look for the signs of a successful test and...
TARGETING 4 HOURLY / DAILY HIGHS. WE HAD A 2HR IMBALANCE WHICH WAS TESTED AND WE BOUNCED FROM IT. I THINK THIS LOOKS LIKE THE LPS FOR THIS NEXT PUSH UP TO BREAKOUT OF THIS STRUCTURE.
Confluences: Re-accumulation forming Recent higher highs Spring closed above previous body high Strong lower bollinger band outbreak Large bullish engulfing candle TP set at previous candle body highs. Trail SL for max profit. SL set below engulfing candle low.
This trade is based on various different confluences, Higher timeframe is still bearish however, on the hourly we have mitigated of nice areas of demand forming bullish orderflow. We have plenty liquidity grabs and a break of a supply zone to the upside. Finally we have re-accumulated at a trendline which indicates we are about to take retail liquidity from...
Sign of Strength in the chart: 1. Re-accumulation with Effort Bars 2. Green Pentagon high volume 3. Pullback with price moving with trendlines Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
DOT may have another re-accumulation phase potentially playing out, similar to the one from mid to late January. Looks like DOT also had a S/R flip where it came to retest the 37-38$ area and got rejected As long as the market continues trending upwards and sentiment is still bullish, we might see higher levels. Also with IPOs (Initial Parachain Offerings) being...