PRICE DOWNTRENDING WITH LH & LL 61.8-71.0 POCKET MET TRENDLINE TO BE TOUCHED THE END OF THE RETRACEMENT PRICE NEEDS TO FILL THE WICK MADE ON THE BEGINNING OF 2019 #tradesafe #riskmanagement #riskrewardratio
En el presente analisis, vengo siguiendo con detalle esta fase de dritribucion que buscara un nuevo descanso al precio de BTC, para luego seguir subiendo!
WEEKLY: Price on downtrend making LH & LL since aug 2017 Nice price rejection at 0.76 with double doji DAILY: Price broke the trendline with nice double top Rejected off support & fib 61.8 4HOUR: Downtrend CONCLUSION: I will be looking to short this pair if we can manage to break through first support and the second one which...
After an accumulation as predicted its gone for a JUmp Of the creek... for Now we may see some backups but the summer has already beggin... strong resistence at 6.000
We may see a Jump Of The Creck in a few days... Or we could melt to a beautiful spring!!
The stop is red line, you can play double bottom as well Cheers
Possible Wickoff Scheme 1h chart + Bad sentiment + Support confluences + Reaction and 4h candle closing over 4190. Buy opportunity short term?
THE ACCUMULATION PHASE HAS ENDED. LOOKING FOR A RETEST IF PRICE RESPECT LIKE IS DOING WITH LOW VOLUME WE COULD SEE THE BULLS TAKING CONTROL UNTIL THE 2 PHASE OF ACCUMULATION
I think phase D of the accumulation Range is about to begin.
Just for information, i saw in the chart redistribution schematic #2, i set my sell orders and everything is working fine
There are 2 things after what I call a golden Chart in my Accumulation model (I'll leave it as related Ideas). The #1 thing is we might be in a distribution, so I tried to do the same thing I did with accumulation model, but now I am doing it based on distribution model, now, #2 thing is that either one of which I have been analyzing does not fit entirely with...
Now you can see, Phase D can be said has begun, in this Accumulation process, I HATE to be so intense in my analysis, but I insist, a retest on the Trendline must be enough to shakeout the market, I don't think this is done. YES, I expect a pullback later today, maybe tomorrow, and definitely I expect a top at 8kish... but first, we need to correct 7.4k jump, then...
In previous Analysis I was explaining a lot about our accumulation Zone and all the details that it required to be explained. Thus, I think I made a mistake on timing the market, and since I always update my analysis, when I checked my Chart I realize one thing, THE VOLUME, I know I have been talking about volume a lot, but I wasn't seeing correctly the volume in...
Acumulating in the short term, I'm still waiting for a spike to 6.9k as 1st resistance, Wickoff explain a bit the performance the last 3 days in the bitcoin market. We are accumulating.
Just thought I would make a chart for those that are into Wickoff theory to point out one possible outcome of this phase of the market.
Slightly early but scaling up into this accumulation phase at various points.
I believe we are in a Wickoff accumulation phase on the pair. I am not sure however if we are in a type 1 or 2. Type 1 would suggest another run down to break the previous 2 lows to get the stops out before making a move to the upside. Type 2 would simply make a higher low and form a head and shoulder pattern and break up. We shall see!