AlexWasTaken

AlexWasTaken Updated 

I've posted my first accumulation idea here back in August 22nd And it seems to have played out nicely. Excited to see where this goes as I see this as an accumulation phase of a lifetime. We'll potentially reach the bottom within the next few weeks/months and this seems like a great time to accumulate BTC. If Tether shows itself to be the next falling knife,...

AlexWasTaken Updated 

It seems plausible that a last correction is ahead.

AlexWasTaken Updated 

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.

AlexWasTaken

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:

AlexWasTaken

My proprietary Risk Metric marks the bottom at 16'400. We've come close enough with the 17'600 wick to call a bottom in this market. It is possible that we're now on our way to higher prices. A long with tight stop loss might be advisable at this time.

AlexWasTaken Updated 

This is the log difference from the price to the 20 week moving average. Has always been a great top and bottom indicator so far and we're currently at 9% risk. We won't be going that much lower so I would recommend to start accumulating at these levels.

AlexWasTaken Updated 

As institutional investors have started to get involved in crypto, we have been seeing more and more similarities to the stock markets and as such, we saw our first Wyckoffian patterns February to April in 2021. Followed by a very obvious accumulation pattern. As we have recently had two distributions to follow, it looks like we might enter another accumulation...

AlexWasTaken Updated 

We're currently closing in on the C of an ABC correction with the impulsive and last wave 5 coming up.

AlexWasTaken Updated 

As you can see, we're at the same point as we were in the last wyckoff accumulation, where we broke out of a descending channel only to be rejected at the RSI trendline. I've long been observing that the current drop is a smaller version of the May 2021 accumulation phase and at this very moment, it is behaving the exact same way. We're probably going to get...

AlexWasTaken

This is really dubious but it seems to make sense. It clearly shows the existence of lenghtening cycles and diminishing returns.