We're in Bitcoin from Friday and Bitcoin is prepare to a up movement!!! So, investor are buying in this simetric triangle of re-accumulation!!!
As we are in consolidation and re-accumulation in this zone, Bitcoin is prepared to a bullish movement!!! So, I believe that it's arukk a good signal to continue buy more Bitcoin. But, as I have 0.06 lots inverted...
Downsloping consolidation. Reaccumulation scenario
Spring Setup. Confirmation: close above $6.30
Pattern failure: Stop loss at $5.37
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As promised, today I'll be looking at the intraday price action of EUR vs.USD to create an actionable trading plan!
In my two previous posts, I have discussed the long term and medium-term price action in depth.
Our analysis points to higher prices so it really is a matter of tactics at this point!
If you...
SNAP has had an incredible run into earnings and obviously profits have been taken off the table. It is trading below the pivot range for August and has been sold pretty heavily at previous Month's Close price. With a Key LVN arounf 20.30. and a narrow developing pivot range for September I'm watching for a failed new low into the LVN as a possible long candidate....
Camarilla monthly levels on the 12 hour chart. As you can see 1748 crucial resistance. Breaking that could lead to the upper 1700s quite easily. As you can also see we have some large bearish divergence. Wave trend is minor up. macd is crossed up. OBV is high. PP is getting higher. Oscillator has not much to say here. This area could be redistribution because of...
it was an expected drop from 40. i knew about this from past month about retracement from 40. After rising from zero it made a formation which target was 39.5/40 and after completing the target market always retrace back from the target area. although there was no conformation of sell but when the target complete its obvious that market will retrace back. There is...
Example of cryptocurrency in cyclical reaccumulation.
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Go for buy in gbpusd. It has formed reaccumulation pattern above strong support. it will make new high. Good time to make money from gbpusd.
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Previous analysis
Overview:
Spent a few hours studying recent BTC moves, trying to identify the "right lenses" to view the price action.
Incredibly enough, I found a fantastic Wyckoff schematic, that matches: Wyckoff Phase, Price Action, and Volume.
Nearly identical.
Analysis:
Here is the Wyckoff schematic, with matching phases, price action, and volume.
I did not have the chance...
Hello Traders !
I decided to post USDCAD with an exact explanation.
Market Phase:
1) Accumulation Phase - Smart money, experienced traders and institution join the market
2) Re-Accumulation Phase - Here, more and more investors are joining the trend and ensuring higher prices.
3) Distribution - Is the origin and the initial phase of a bear market, at this...
Bitcoin has been erratic over Christmas which is unsurprising. However a summary of the Price Action on the 3-day chart points to the possibility of another dip.
We have a clear downtrend, a pullback into the 10-20 EMA zone and bearish candles forming over the last 7 days with strong rejections to the upside. We also have convgergence on the MACD and RSI...
There are many confluent reasons to suggest Bitcoin is in a re-accumulation phase of a new bull market.
To set the scene, BTC has been in a clear downtrend and mostly trading below all key Daily EMAs for several months. So this has been a good time to be stacking sats whilst protecting dollars.
However, Bitcoin is still finding key support at a 61.8% retrace of...
Pattern suggests possible reaccumulation by a handful of whales on Bitfinex, where Longs skyrocket to all time highs on taps to the .618 and .65 retraces of the macro bull run which began back in April. Meanwhile funding rate on Bitmex remains fairly neutral, suggesting the Longs are from Bitfinex only.
A long squeeze, if it happens, may not kick in fully unless...
Hi everyone and welcome to my analysis.
It is once again hype time for many alts and Bitcoin is volatile and thankfully this time a lot of cryptos show finishing accumulation signs.
As a start, we can look at XTZUSD to see the beautiful Primary wave I of a larger bullish trend. Alternately, this might be an ABC bullish reaction to the initial downtrend...
