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Accumulation

CHFJPY - Looking for a bounce off 123.300 DEAD from support zoneHi everyone! I am looking at a support zone entry for this pair. CHFJPY BUY LIMIT @ 123.300 Stop Loss: 123.255 (Add Spread) TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In) TP 2 (3R): 123.432 (20%) TP 3 (5R): 123.520 (20%) TP 4 (10R): 123.741 (20%) Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
Long
by lakishnarayan
This Rally Ends At 64kHi all, The hidden wyckoff accumulation on the lower level timeframes played out well and Bitcoin successfully exited the range to the upside. Now that we are in the markup phase, slowly marching towards all time highs, there are important levels that i think will end this uptrend and give us a pull back. Resistance is the fib 0.618 / 0.66 zone at 64.139 / 64.453 If we assume the rejection at that levels, then the pull back would be at 61k level. So, take your profits along the way to buy back lower. As always, trade safe!
by BitcoinMillio18
16
Hidden Accumulation At 60kHi all, Bitcoin rejected from 67k, 1k shy from my previous target. TOTT kicked me out at 63152.65 as i tweeted in real time. Nice catch so far, but i should have taken profits earlier before TOTT, next time i'll do that. As per technicals, 8 hours in to the weekly close, Bitcoin is trading right below the weekly open at 61532.17 forming a doji candle. This looks bearish and suggests more downside, however we have an accumulation type structure above 60k that suggests the opposite! If we break above 61.530, our next target will be 69-70k and we may get another reaction there where i'll be looking to take profits! To the downside, 60k is holding as an important level where the point of control is. If it breaks below 60k, our next target will be 56.550 per the weekly 0.382 fib levels. I'm back in 30% at 60k based on this accumulation type structure. The rest will be TOTT's call. As always, trade safe!
Long
by BitcoinMillio18
20
fuel for 64k? and 66k if A break upside 63k would be a good sign that we are moving toward the zone, but it might retrace before. Since it is still into a cycle getting formed, and I am still waiting for a LPS to happen, for making this cycle even more legit. As I would expect this LPS to form around 61k, and a light supply a the touch of the area would be a good beginning place to add buying positions, beside having it leaving the actual range being a even better opportunity. 4hours Daily will be updated as price moves.
COINBASE:BTCUSDLong
by bibsz
8
Tesla broke resistance and printing Sign of StrengthConfirming my long position here and waiting for a backup before I add more to my Tesla positions. As expected price broke out of the resistance channel defined by the AR and the HH points printing SOS and LPS /BU in Phase D before the final markup in Phase E. Low volume and climbing price show that the institutions have taken hold of the price and are not selling until a much bigger markup. Good times ahead of Tesla stocks. No financial advice, just my reading on the chart through the Wyckoff (re-)accumulation lens.
NASDAQ:TSLALong
by Rezakov
short term shake out A break upside 63k, the lower part of range cycle, has still to happen to consider we are in fact moving upward leaving our TR. A couple of LPS did happen, at our awaited zone of 61k and some more at 61.8k, followed by a shakeout to the downside testing the 61.5k area again, that was short lived, and totally normal, and telling us that price and ready to leave the trading range quite yet. The supply from this shakeout got all absorbed at our 61.5k area, pushing the price backup telling us that buyers are still present and serious, just a bit more slow. Unless we going back under 57k-58k on heavy supply. I will keep having a buying bias and that we are going at least back o 64k-66k Beautiful accumulation characteristic on the 1 hour overall Idea of the 17th ''A break upside 63k would be a good sign that we are moving toward the zone, but it might retrace before. Since it is still into a cycle getting formed, and I am still waiting for a LPS to happen, for making this cycle even more legit. As I would expect this LPS to form around 61k.'' =
COINBASE:BTCUSDLong
by bibsz
USDCAD - Looking for support at the .23100 LevelUSDCAD BUY LIMIT @ 1.23100 Stop Loss: 1.23020 (Add Spread) TP 1 (1R): 1.23186 (Scalp TP / SL→BE) TP 2 (3R): 1.23356 TP 3 (5R): 1.23526 TP 4 (10R): 1.23950 Reason: Price showed strong resistance in this area in its last testing action to the left. I would like to see price react, and I will be waiting for a Break of Structure or a Wyckoff Accumulation Schematic for my entry. Alternatively, set the limit and cross your fingers 😅😅 Are you guys looking at the same thing??
Long
by lakishnarayan
4
BCDUSD - UPDATE BCD was one of our previous spot holdings which we took profits at 850% ! Now is time for a update as things are starting to look interesting again. the market since making a large correction has found support at the 0.786 fib and once again started to make a new sideways re accumulation, inside the sideways channel we can see the market is possibly forming this double bottom formation, waiting for a confirmed higher high above the sideways movement for a possible entry to long
BLong
by ITSCRYPTO1