Bitcoin Entry Prices for Next Bull Run! Hello guys,
today’s day trading analysis will be on BTC
There is a very nicely looking volume-based setup called the “Volume Accumulation Setup“
First, there was a rotation in which heavy volumes got accumulated (traded). You can see the volumes on the Flexible Volume Profile indicator below.
Then, after the big guys (trading institutions) placed their big trades there, they pushed the price upwards into an uptrend.
This uptrend tells us, that the volumes placed in the rotation (blue rectangle ) were Longs.
This is an information we can work with. Now we know where strong institutional buyers placed a lot of their Long positions.
This are is now very important place for them.
When the price makes it back to this heavy volume area again then, those buyers will want to protect it and to push the price upwards from there again...
Most likely from the place where they placed the most of their positions.
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Accumulation
Bitcoin sell-off, what´s next?Bitcoin is creating an even bigger symmetrical triangle atm. I personally think that this is an accumulation period before continuation to the upside and I believe a bear-case scenario is less likely. In the hourly chart, I can see a beautiful W pattern playing out which will be a trend reversal and bull pattern. The right support should be around 30k. HODLérs and institutional buying should make a great foundation below 30k which is why I believe we will continue the bull run within 1 week. My short-term bear case would be that we haven´t tested the 21 weekly MA since 14th September last year. In previous bull-runs, this MA was tested multiple times before the last euphoric expansion before the price crash. The breakouts of the triangle will give us a clear indication of price action in the coming 1-2 weeks, but don´t miss the train.
COINBASE:BTCUSD
INARI, QES, SKPRES Price Action Analysis - the Sky is the limit?Find out how to swing trade MYX:INARI , MYX:QES , MYX:SKPRES while the price is almost at all time high to ride on this strong uptrend in Malaysia technology sector.
In this video, Wyckoff trading analysis with volume spread analysis is used as the core technique in the price action trading strategy to dissect how to ride on the stocks in a strong uptrend.
Top Penny Stocks for Swing Trading [Huge Upside Potential]Find out these top 4 penny stocks - NASDAQ:HNRG , NYSE:QEP , NASDAQ:SNDL , NASDAQ:TELL that are actionable for swing trading based on pullback trading or breakout trading strategies.
In this video, price action analysis together with volume spread and Wyckoff trading analysis is adopted to analyze these penny stocks to decipher the timing for entry.
EOS Accumulation Zone Complete / Result: Effect Stage CommenceHi Everyone,
It appears EOS has now completed its accumulation in respect to the Wyckoff Theory. Rhyming to the rules of Wyckoff Theory, we can see the Accumulation (Cause) now reflecting the strength of the buyers and pushing the price above the zone to represent reversal of the trend which should now have the health to make new highs (Effect). I Personally have a target of around the 1700-1800- Satoshi Range which is a potential 80% profit.
Other supporting factors include:
Volume: High (we haven't seen this peak of volume in 3 years)
Candles: Weekly Candle showing the buyer strength as consistent wicking of the weekly can be observed in favour of the bulls
EW: From peak of 2018, ABC wave correction complete with wave C extended 5th wave 1.618 showing exhaustion.
Lets see how this one plays out.
Please follow for further updates and other Crypto trades .
Please note this is not Financial advice and DYOR as always.
Thanks,
Husky.
Ren (REN) More Explosive Growth 2021The REN project is another fundamentally sound DeFi project that is poised for major growth in 2021. A decentralized protocol that allows for users to transfer cryptocurrencies from one blockchain ecosystem to another. This project already has major utility being used on a daily basis and will only continue to grow with the growth of DeFi and the overall cryptocurrency market.
Currently the USD pairing is in price discovery and trading at all time highs. However, REN still has yet to hit a new price discovery against its Bitcoin pairing. This indicates that REN still has a lot more room to grow.
Another factor to consider is that REN currently has a circulating supply of 995,363,051 REN and only a max supply of 1,000,000,000 REN. REN is getting closer to reaching it's max supply which will also play a role in price increase this year. Also the according to the analytics firm Santiment has recently reported that whale accumulation for REN skyrocketed in Januarys which also indicates the increasing demand for REN.
Our next stop for REN is at Fibonacci level 0.5 at 2925 Satoshi. Once we fully break past the 0.382 expect a runup to test 2925 Satoshi. Keep REN on your radar this year for 2021. As always much peace and love!
GOLD UPDATE. WEEKLY CAM PIVOTSIt is Testing its new weekly pivot as a magnet. nothing out of the ordinary. always happens. IF it bounce off these purples levels. It will be officially trending above weekly CPR levels for a second week. Good accumulation points disguised as bearishness.
can put on tight stop. give it a go
Perfect Wyckoff accumulation at point of maximum opportunityThe Wyckoff Accumulation theory can be seen in action for IOTA, with the price range having just entered into phase C marking the point of maximum opportunity. Here I break down both the key phases and price levels, and how IOTABTC is so far following this to a tee. Should this play out according to Mr Wyckoff, a potential 400-500% increase should be about to begin.
Phase A
PS - Preliminary Support: following a prolonged downturn buyers step in, indicating that the downward trend may be nearing its end. Further confirmation seen with a volume spike.
SC - Selling Climax: selling pressure climaxes with panicked retail investors absorbed by large scale investors.
AR - Automatic Rally: the initial wave of buying defines the accumulation trading range.
ST - Secondary Test: a bottom is confirmed with a revisit to the SC (with low volume)
Phase B - multiple visits to the ST and AR are seen during this phase as we move within the trading range. Occasionally these may wick outside the trading range to close shorts and longs entered on tight stops.
Phase C
Spring - price moves below the ST (the low of the trading range) for a final shakeout as large investors mislead the public about the future trend of the market, giving them an opportunity to accumulate more at a bargain price.
Test - Large investors test market support at key levels - if a large supply is found the market is likely not ready for a move up. However once good support is found, higher lows will be seen.
Phase D
SOS - Sign of Strength: a strong price increase on high volume.
LPS - Last Point of Support: the low of a pullback after each SOS, as previous resistance becomes support. Despite the name, there can be multiple LPS.
BU/LPS - Back-up: when a new trading range is introduced prior to another substantial move up.
Phase E - price rises up beyond the PS (preliminary support) marking the end of the accumulation phase.
With IOTA currently entering phase C, potentially forming a spring (and with Bitcoin approaching strong resistance on market dominance), this may well represent the point of maximum opportunity - though as ever, ensure to set a stop loss in case the spring has not yet reached its own bottom. Alternatively, keep an eye on IOTABTC and look out for a post-spring test or SOS as further potential entry points. This a long term trade, with the full 450% move to take until early-2022.
Please give me a thumbs up and follow me if you found some value in my analysis - this is the best way you can show support and is very much appreciated.
AAPL: Next key points we must keep in mind!Hello traders and investors! Let’s see how AAPL is doing today!
Since my last analysis, AAPL has been accumulating in the range between the red line at $ 136 and the black line at $ 137.98, and as long AAPL keeps there nothing interesting will happen. The link to my last analysis is below, as usual.
But even if Apple loses the red line, we have some support levels that could prevent from a further drop, like the purple trendline , which is better seen from the daily perspective:
In addition to the trendline, we have the 21 ema, so, we are talking about a solid support zone . Apple could easily drop to this level, as the volume is very low, and it is not showing any signs of reaction. But if AAPL defeats the $ 137;98 again, then it might retest the ATH again, and maybe do a quick stop at the $ 142 (previous resistance).
But so far, it is still in a bull trend, and only if it loses the purple trendline this would change. Either way, we’ll have our answer quickly, as this congestion is taking too long now.
Remember to follow me to keep in touch with my daily analyses, and please, support this idea if you liked it! Apple is in a decisive point, and we must be prepared to react to it, when the time comes. Techinical Analysis is all about timing !
Thank you very much!
$CBAT Interesting Volume Shelf & 7.83 Offering DevouredWith the offering snapped up, the price remains relatively close... so we'll see if the volume shelf holds up given the new Dynamic. If it does, this thing ready to launch to 10.
Offering at 7.83
Resting on top of a massive volume shelf.
Above 21 D EMA