BTC - Wyckof AccumulationHear me out on this.
Since we started falling in 2021 - On-chain data has been showing big retail buying together with whale sell-offs.
But since a few levels - 28k downward - Bigger accumulations have been happening (still with whale selloffs in the background).
This distribution got heavily mixed with accumulation and has landed on my 2021's prediction: 16k.
Now, around 16k, whales have been starting accumulating aswell, and the Wyckoff pattern being formed for the last few months is proof of it.
BUT the second top didn't happen - why?
The price is meant to reach certain area ! And it didn't yet. Because of the heavy accumulation (Buy the dip!) price hasn't reached the levels that it was meant to, therefore the price is being dragged lower to reach it during the Spring dip. It also saved the market from accumulating even more shorts at 20k levels.
The timing though is on point and it will stick that way - Spring is ahead and it will happen - and Mid December is the time when we long Crypto for a bounce.
BTC-USD
BTCUSD Potential for Bullish Rise | 1st December 2022Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for an immediate buy entry at 17246.66, slightly above where the 23.6% Fibonacci line is. Stop loss will be placed at 16004.00, where the previous swing low is. Take profit will be at 18595.60, where the 50% Fibonacci line is.
BTCUSD Potential for Bearish Continuation | 30th November 2022Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. I am looking for a sell entry at 17065.00, where the 23.6% Fibonacci line is. Stop loss will be at 18173.33, where the previous swing low is. I am looking to take profit at 15632.00, where the previous low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD Potential for Bearish Continuation | 29th November 2022Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. I am looking for a sell entry at 17065.00, where the 23.6% Fibonacci line is. Stop loss will be at 18173.33, where the previous swing low is. I am looking to take profit at 15632.00, where the previous low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTC/USD - weekly Analytics + Altcoins 28.11.2022Potential reversal impulse movement was formed on November 22 - 24, to develop an uptrend it is necessary to overcome the key level of 16,950. Investor sentiment continues to be at pessimistic levels, which confirms the moment of the quotes near the potential lows, the situation will be resolved in the near future.
Altcoins
Among Altcoins, we single out Tron as a promising coin, as a false breakout from the level of 0.0466 and the momentum towards it were formed. At the moment a price consolidation is taking place.
Bitcoin - Buying a break of 16750Bitcoin - Intraday - We look to Buy a break of 16751 (stop at 16329)
A break of the recent high at 16746 should result in a further move higher. 16746 has been pivotal. We are trading at oversold extremes.
Our profit targets will be 17792 and 18192
Resistance: 16750 / 17000 / 17500
Support: 16000 / 15800 / 15500
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BTCUSD Potential for Bearish Continuation | 28th November 2022Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. I am looking for a sell entry at 17065.00, where the 23.6% Fibonacci line is. Stop loss will be at 18173.33, where the previous swing low is. I am looking to take profit at 15632.00, where the previous low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD Potential for Bearish Continuation | 25th November 2022Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. I am looking for a sell entry at 17065.00, where the 23.6% Fibonacci line is. Stop loss will be at 18173.33, where the previous swing low is. I am looking to take profit at 15632.00, where the previous low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD Potential for Bearish Continuation | 24th November 2022Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. I am looking for a sell entry at 17065.00, where the 23.6% Fibonacci line is. Stop loss will be at 18173.33, where the previous swing low is. I am looking to take profit at 12040.03, where the -61.8% Fibonacci expansion line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD Potential for Bearish Continuation | 23rd November 2022Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. I am looking for a sell entry at 17065.00, where the 23.6% Fibonacci line is. Stop loss will be at 18173.33, where the previous swing low is. I am looking to take profit at 12040.03, where the -61.8% Fibonacci expansion line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD Potential for Bearish Continuation | 22nd November 2022The overall bias for BTCUSD on the H4 chart is bearish . In addition, the price is trading below the Ichimoku cloud , indicating that the market is bearish . Looking for an immediate sell now at 15525.96, where the 127.2% Fibonacci extension line is located. Stop loss will be set at 18173.33, where the previous swing low is located. Looking to take profit at 12040.03, where the -61.8% Fibonacci expansion line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD - touched local bottom curve!This Asian selloff was marvellous - now we touched a local bottom before Europe's open - very likely we can see Europe consolidating/bullish after asian selling - and possibly NY will retrace that selloff. Expecting a retest of that upper local curve before moving to 15k.
Cheers !
PS: just a small long, still bearish short term.
BTCUSD Potential for Bearish Continuation | 21st November 2022The overall bias for BTCUSD on the H4 chart is bearish. In addition, the price is trading below the Ichimoku cloud, indicating that the market is bearish. Price has already reached our sell entry point at 18173.33, the previous swing low, and we intend to take profit at 15525.96, the 127.2% Fibonacci line. The stop loss will be set at 19056.00, which corresponds to the 23.6% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD Potential for Bearish Continuation | 18th November 2022On the H4 chart, the overall bias for BTCUSD is bearish . Furthermore, the price is trading below the Ichimoku cloud , indicating a bearish market. Price has already tapped into our sell entry point at 18173.33,where the previous swing low is, and we are looking to take profit at 15525.96, where the 127.2% Fibonacci line is. The stop loss will be set at 19056.00, where the 23.6% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
InvestMate|Bitcoin, and we have a breakthrough💲💲Bitcoin, and we have a breakthrough.
💲As I wrote in my previous post perfectly catching the support zone from which Bitcoin reacted perfectly this time it is time, in my opinion, for the breakout to continue
💲Link to previous post:
💲Looking at the current situation we are in.
💲Observing the perfect bounce from the support zone and the final exit from the triangle, in my opinion the buyers on Bitcoin have shown with this that it is an attractive price and they have no intention to go lower.
💲The first strong resistance that Bitcoin has in its path is the cluster of the last peak and the 1:1 level of the largest upward correction.
💲The scenario I am playing out is to get to the resistance zone and wait to see how traders react.
💲*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Bitcoin Attention strong support zone💲💲Bitcoin Attention strong support zone.
💲This post is a direct continuation of the previous post:
💲As we can see bitcoin is still holding at the 16.5k levels where the accumulation is ongoing.
💲Based on the levels of 0.5 of the entire upward wave and 0.236 of the last largest upward impulse after the correction, I have determined an interesting support zone from which Bitcoin has bounced repeatedly.
💲Ahead is a resistance zone located at around 17.45k which I determined based on the 1:1 range cluster of the largest upward wave and the 1.272 level of the largest downward correction.
💲The scenario I am playing out is a final breakout from local support to the resistance zone marked on the chart.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
BTCUSD Potential for Bearish Continuation | 17th November 2022On the H4 chart, the overall bias for BTCUSD is bearish. Furthermore, the price is trading below the Ichimoku cloud, indicating a bearish market. Price has already reached our sell entry point at 18173.33, the previous swing low, and we are looking to exit at 15525.96, the 127.2% Fibonacci line. The stop loss will be set at 19056.00, which is the 23.6% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD Potential for Bearish Continuation | 16th November 2022The overall bias for BTCUSD on the H4 chart is bearish. In addition, the price is trading below the Ichimoku cloud, indicating that the market is bearish. Price has already tapped into our sell entry at 18173.33, the previous swing low, and we are looking to take profit at 15525.96, the 127.2% Fibonacci line. The stop loss will be set at the 23.6% Fibonacci line, which is 19056.00.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTC/USD - weekly Analytics + Altcoins 16.11.2022From November 10 to November 11, an impulsive upward movement formed + before this growth a significant amount of bitcoin was sold. As a rule, it indicates the formation of the bottom in the instrument. To confirm it, the formation of further impulse growth waves is needed.
Altcoins
We single out Tron as the most promising coin for the formation of a long-term uptrend, false breakdowns continue to form in a wide trading range, indicating the presence of interested large buyers.
BTCUSD Potential for Bearish Continuation | 15th November 2022On the H4 chart, the overall bias for BTCUSD is bearish. Furthermore, the price is trading below the Ichimoku cloud, indicating a bearish market. Price has already tapped into our sell entry at 18173.33, where the previous swing low is located, and we are looking to take profit at 15525.96, where the 127.2% Fibonacci line is located. The stop loss will be set at 19056.00, which is the 23.6% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.