We've probably reached the bottom on the 17'600 wick or have come very close to it. My proprietary risk metric allows for a minimum daily close of 16'400$, which we will potentially reach on a spring event in case this wyckoff accumulation plays out. Previously:
BTC has recently rejected at the $25,000 level with a SPRING candle or UPTHRUST Range as shown on the charts. This is a very good chart for playing level to level, multiple DEVIATION levels. BTC also has a Diamond on the 4H TF. We either hold $24,000 and target $28808 that was broken and never retested, or we dump and make a new LL with the Diamond...
ROKU has been undergoing a complex accumulation phase for the last 3 months. This chart shows the boundaries that have formed, and it can be broken down further into 5 zones of alternating 3-point moves (e.g. relative low, relative high, relative low). Volume has decreased, volatility has decreased indicating accumulation. Also the DMI is characteristic of...
Obvious and typical *Drunk Spider Web* pattern unfolding. DMI indicates we just saw the spring of a wyckoff accumulation phase - still needs to complete sign of strength and backup/retest before markup. Within this zone can also see a triangle that broke out, then retested support. However, ROKU has quite a web of resistance - could swing long near term calls...
Based on DMI and obv divergence on the 30min-1 hour time frame, this is a good setup to make a run back to upper 20k/lower 30k region. Detecting equilibrium point 3-way intersection occurring around 6:30AM on Tuesday June 21st. The way I see it BTC started trading bullish after the 17k got bought up and it’s looking like that was the spring of a very local...
Wyckoff Method | Wyckoff Accumulation | Advanced Price Action If Price Reject LPS Then We ll see short time Rally in Btcusdt Pric Move for Sign of Strength SOS so after backup BU we ll see Btcusdt price to bullish Not a Financial Advice
Eyeballing APP here. On the daily we have three drives of classic bullish divergence on the MACD indicating price action reversal. So far, the price has indeed rallied. If APP can successfully backtest that $49.86 previous all-time low close here in late march, then I'll take a long with the chance for a very nice April/May return. Also, the sellers failed to...
this is my theory about rune being in a accumulation zone. we should see a giant move down to the spring zone. which long term is the .618 fib. let me know if i need to simplify it more.
We have Hidden Bullish Divergence at Support on the Daily and a Lower Low Double Bottom Spring of a potentially failed Double Top Pattern on the Weekly with Bullish Divergence and if it plays out we can very well see a rally up to $12 and if it breaks all time highs it will target $22-$24
GALA looks like it has nearly 200% upside from here after giving us a Break Hook and Go confirmation on a Bullish Dragon and springing back above an old Support level.
Happy Spring to all OGN holders! Over the past week, there has been a massive rise in price ~ mostly due to Origin Protocol announcing the full release of Origin Story, their NFT Marketplace. Cheers to this run, and many more!
Background - Mar 20, 22 * 🐂 * Maybe at an oversold condition Current Condition * I don't see SOW 🚫 🐻 * Reactions on decreasing volume * Coming to reaction -> re-rest at 90 What am I looking for 🐂 - high vol absorption at 90 🐂 - low vol reaction to 71 support and buy spring 🐻 - Don't see anything in the immediate future Video Analysis cln.sh
If this plays out as wykoff a bounce from below this line is usually strong. A 18% minimum increase to next resistance seems likely.
KUB 4H way in the theory of Wyckoff Accumulation phase C and is making Spring and Test Do you think about this? www.lucid-trader.com
We have broken back above a Bearish Trendline and are Springing back above the 1.13 fib extension while testing the Neckline of a Potential Double Bottom and the RSI is back above the 50 line. Best case scenario here is that this price action is followed by a major Retrace to the upside between the 61.8% and 78.6% Retraces.
Price has been trading within this range for the better part of 2 months now. Most probably an accumulation after the markdown. We are almost about to rocket out of there. Looking for the spring and a close within this range again and show signs of building support Alternatively We look for the break and retest of the resistance for a continuation down the channel
Personally I have been favouring lower prices and retest of 28K This set up mid downtrend is not my favourite scenario but it is getting a little hard to ignore now Can see a few days of volatility decreasing and supply exhausting. Hate to admit it but there are conditions for a spring action here Not being the bottom saint but this could very well be the new...
Hello guys, as mentioned in previous ideas, im just a day trader sharing my ideas. Please do not take them as financial advice, always do your own research. As mention before, we've been shorting since 52k and waiting on BTC to descend to its highest support and demand zone, which spans all the way from 43k to 40k, to enter into some fresh LONG positions. In...