g'day fellas. we've had a few rough months. coins have come and gone and one of those coins have recently caught my attention. STRATIS- i posted about it a couple months back and with absolutely minimal experience and using a rather subjective strategy of trading back then as well. taking a broader look at a lot of the coins right now it is very clear to me we...
My last chart was a complete disaster. Even though I pinpointed where the last dip should stop, the bounce was disappointing. Now, this looks like a classic Wyckoff Accumulation, the only difference I see is the "Creek" not going all the way to the resistance levels. If it does happen, we should expect a spring any time soon, with an increase in volume and an...
Bitcoin is back at the ~$6k ramen support level. If we are indeed in Wyckoff Accumulation, we should be expecting a Spring here soon. #PrayForSpring #PrayForBitcoin Taken from stockcharts.com : "Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign...
I am expecting a bounce up soon but still have a bearish on BTC. My strategy is on the chart. Good luck !
My last post spoke about the distribution channel we were in. I have been keeping an eye on the channel end with the flurry of volume and volatility that took us down to 7.2. Since then we've begun to stabilise and BTC is showing far less intent to make movements back to the O/S line. The channel was broken this morning with a clear candle taking us back to 7.5....
Bitcoin will continnue decline until we reach our support lines at about $6950. The supply is being absorbed this is an indication that the downtrend might come to an end which is near our support lines. I expect it to make higher lows from there on.
Whales may be accumulating. A big method of accumulation is Wyckoff. BTC -1.43% could be in the process of forming a perfect wyckoff pattern. If this pattern plays out, then shorting the next few weeks may be most profitable. Criticism and Feedback are appreciated. To learn more about the Wyckoff Method: stockcharts.com To short or go long on btc -1.43% with...
The final effect may turn out to be more flattened I guess. But this is definitely something to watch in future.
Disclaimer.. not an investing/trading recommendation not invested, tracking fundamentals....
alot of exiting stuff is coming for wanchain - dont belive the hype dyor and enjoy the ride upcoming event : twitter.com The first 6 dapps on the wide area network are coming :) educational : stockcharts.com