Accumulation
I'm long bitcoin againI have a few indicators that tell me whenever i should accumulate or distribute.
On the Weekly timeframe:
1. Does my Accumulation/Distribution band show Red or Green.
If Red:
2. Is RSI above 70 and RSI SMA above 50?
3. DISTRIBUTE
If Green:
2. Is RSI under 30 and RSI SMA under 50?
3. Is BTC price +- 80% down from ATH?
4. did 50 & 100 SMA Death cross happen?
5. ACCUMULATE
There is a few more things i take into account but this is the minimun needed that worked in the past and i believe will work again in the future.
For now i'm DCA'ing in slowly untill we see a Death cross on the 50 & 100 SMA AND/OR a drop to -80% from ATH.
If you have any questions feel free to contact me
ADAUSDT - Stop Hunt with Wyckoff Method📉📈Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A quick look at Cardano / ADAUSD / ADAUSDT . I believe that we are currently in the market cycle of accumulation , according to the Wyckoff Method market phases. The four phases of the market cycle are accumulation, markup, distribution, and markdown.
During the accumulation phase, a new cycle begins that generates a trading range. The pattern often creates a strong resistance zone / failure point / spring . This is the precursor to another bull cycle, but it can last an extended period of time. The final moments of this phase will attract algorithm trading driven stop hunting , often observed near downtrend lows, where price drops just underneath key support and then triggers a sell-off. This is followed by a recovery wave that lifts the price back above support.
So - What Is Stop Hunt ?
Stop hunting is a strategy that attempts to force traders out of their positions by driving the price of an asset to a level where many people have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and this is often very obvious during the accumulation phase of the Wyckoff Method.
If we take all of the above into consideration, the price of Cardano can still drop and fall within a range multiple times until a clear bottom is established and the next markup phase / bull cycle starts. In the video above, I take a look at possible bounce zones and a target for the SOS ( sign of strength, a price advance on increasing spread and relatively higher volume ). I have also highlighted the next phase of the accumulation cycle, the BU (back-up). At this point, short-term profit-taking occurs and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up (SOS) .
Here, I did an analysis on Bitcoin / BTCUSD / BTCUSDT using the Wyckoff Method:
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CTKUSDT wants the breakout?The price is creating an accumulation area (50 days) above the daily support at 0.75$.
We are waiting for a clear breakout from the resistance.
How to approach it?
IF the price is going to have a breakout from the range and retest as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Accumulation above the line (H1, H4 tf)After breaking out the H4 level and stopped just above the line. This level was tested several time in history and it is obvious that we can go higher until we pull out all bearish orders. The pice in above the level is a + for long positions, The local sales and putting the price under the line liquidated within next 1-2 hours - another _ for longs. (it seems that strong buyer is still holding the position). Estimated TP for long positions is better to put close to daily level around 0.3990. Level at 0.4000 is a strong resistance both technically and mentally (0.4000). Therefore we expect a high volatility there and looking for an local correction sales.
H4 TA analysis of the current situation with two options ahead Daily:
We have a not clear downtrend, almost empty area below 8.50. Next serious support is 7.40
H4:
Downtrend for 5 days (-23%), accumulation for 13 days with further bearish breakout. At 8.6 - new accumulation.
After false breakout, no high correction, 3rd bar after FB is "stop bar". Next bar in bearish. reached 80% H4 ATR for 3 hours.
It seems that shorts are nearby, but we have to be sure, that other scenario is cancelled. The best short signal for us will be small bars (H1-H4) in yellow box, just above the 8.5 line.
Tp is 3-5% above the 7.40
Litecoin - LTC Could +300% 🚀Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
With this chart, I propose my trading idea with a potential of 300% profit for Litecoin / LTC / LTCUSDT . Currently, we're trading at the accumulation phase of the Wyckoff Method. This means that there may be multiple buy opportunities at low prices until a clear bottom is established (when the majority of investors decide that they are not willing to buy lower than a certain price). In other words, I'm not stating that the price will go up 300% straight from here - however, if you accumulate some LTCUSD here and you're patient enough to wait for targets and trade according to a plan, there exists the potential for 300% profit.
1st Take Profit point:
2nd Take Profit point:
3D Take profit point:
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Trading exactly at Supply/Demand Equilibrium PointWill be very interesting to see how we trade here in the next 25-30 minutes. Using Supply/Demand trendlines as shown in chart, I am seeing Supply = Demand at ~ 7:25AM 7/12/2022 (EST) @ the price level 3826.71.
This is right where we are now. A further analysis using Calculus gives me a bullish conditional expectation from here.
If Price gets back above 3683 this morning (after the point in time where demand becomes greater than supply (so after ~7:25AM), then it will activate markup of this accumulation phase. The 3683 I have obtained from 2 separate methods, the one relevant to the Supply/Demand in chart is as follows:
Find the AUC of Supply/Demand (a hyperbolic expression) by integrating over the time interval from beginning of supply trendline to point of equilibrium (= 30.97 trading days), then add to X_e to obtain the markup level. When this is broken before time of equilibrium it can result in a short squeeze if price gets far enough away, but we ran into resistance this week so had to backup/retest for support and will now re-attempt. Green dashed line is illustrative path if squeeze unfolds (still can), green path is expected path if there is no squeeze.
Black path illustrative of what could happen if it gets trapped back in between the S, D trendlines
Red path is breakdown.
These are not precise, just wanted to illustrate the most likely scenarios that can unfold from here and alert that we are at a critical point in price and time... right now.
StochRSI and MFI both point toward breakout, other math not included points toward bullish from here. A bullish catalyst would do the trick, but might just occur on its own based on Gann Time Cycle (not included).
Bet.
TWST - mini double bottomAfter a spectacular fall (of 88%) all the way back to covid pandemic low, TWST appear to have found bottom @ abt $25 on 12th May and then retested this level again on 13 June. There were some signs of high volume accumulation on days following these low.
The 21day moving average has recently crossed above the 50 day moving average and RSI is now showing strength (>60). It is likely that the worst is over for TWST. Any near term pullback towards the neckline around 38 will be an opportunity to long.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
BEWARE OF THE PUMPS! whales are accumulating BTCin the crypto market, after massive drops like the past couple of months, the market transitions from distribution to a possible accumulation or re-distribution phase. if we are switching to accumulation in the crypto market, most of the traders would think that whales are only accumulating crypto on FIAT pairs which is wrong. they even profit when they are accumulating.
how? they would trade their bitcoins for an altcoin and then pump that altcoin (when BTC is in a range or doing a local upthrust) to accumulate even more bitcoins for a rally.
in my opinion, we are entering an accumulation phase, so beware of random pumps, and if you are trading an altcoin try to monitor the Altcoin/BTC pair as well.
please like and share this idea.
let me know in the comments what you think.
Don't forecast the future, use patternsAfter a huge down trend, ETHUSDT is accumulating for 25 days in a channel. As we know, trading in channel is quite simple: sell from the top, buy from the bottom. And don't think about future of the pair, unless you see the signlas shows that the pair is going to break borders. (the blue arrow and the red one). To make Breakthrough scenarios active, local correction of the pair should not exceed 20% of the channel range. On H1 you can see a flag formation, which gives additional scores for further down movement. Mean while, we use short strategies with short SL.
BTCUSD (BITCOIN)“Easy money” is having hard times as there still is no sign of reversal in favor of Bitcoin, but 20k seems to be acting as a psychological barrier in selling.
Market Structure:
After collapse in #btc price 3JULY price hits low of 18763$ now we see some buyer strength and they push price towards 15june high 22662$. here we see bullish pannet structure in the market which shows bulls profit booking here at 21681$.
NEXT MOVE
Here you can see green trendline resistance after breakout of resistance and and also POC volume profile. Volume is also high at current price. Breakout helps bulls to push price towards the TARGETS OF 22114$, 22604 & 25K Psycological level.
STOPLOSS :21200$
FUNDAMENTALS
Taking advantage of low prices, investors are increasing their Bitcoin holdings. According to data by crypto intelligence firm Glassnode, both Bitcoin shrimps (those who own less than one BTC) and Bitcoin whales (those who own more than 1,000 BTC) are stacking more BTC.
Waiting for descendingTechnically.
We have an 56 days of accumulation after downtrend. After up edge of the zone breakdown we came back into. Therefore RLCUSDT is nog willing to start a new uptrend. Form the other side, global BTC benchmark in nearly to start new uptrend, but RLCUSDT is looking for downtrend. We expect downtrend for the pair of RLCUSDT, but we would like to wait for a solid entrance. Meanwhile some stop-orders could be placed below the current price...
BTC ahead supports and compression of buy ordershello everyone
according to the us CPI 8.6% and highest number in past 40 years
probbably we walk throgh 0.75% interest rate increase.
so we lost 25500 support and now on 23500.
if we lose this level we can downward to 22000 and 20000 area
and after that 18000-19000.
this levels are so exciting for longterm holders and its an incredible accumulation phase.
but if the inflation dont stop , we also can see lower supports like 17000 or maybe 12000!
but according to the compression of buy orders in 20000 - 23000 levels i think these levels are
very important and if inflation record a high level and start to go down we dont go lower from this
levels.