Institutional
Bitcoin Reaccumulation still in playI saw sort of a similar idea on twitter a couple weeks ago and i found it very interesting so i started looking at it myself.
Even though there is alot of different wyckoff schematics, i picked out just a single one who looks alot like the bitcoin chart.
(notice the creek being formed right now)
In a re-accumulation it's important to look at the volume and the volatility of the market. At around 65k we had lots of volatility and volume (check volume indicator on the bottom of the chart). But when we came down towards ressitance and further formed the schematic, volatility and volume started to diminsh. We had one push up where we made a higher high and touched resistance ($69k), where hardly any volume showed.
To confirm this schematic we will need to wait for a jump across the creek to form (with significant volume and volatility shown) & create significant higher highs then $65k & $69k.
bitcoin to $30k ?I'm a complete bitcoin bull, but when i look at the higher time frame chart through institutional eyes, i can't help but notice this scenario.
Close to all retail is waiting for one last bounce towards $40,5k, so they can fill their bags for the rallies ahead. But this makes me look at all the liquidity below the lows (on chart).
I feel like the large institutions will likely send bitcoin below these lows just to scare and liquidate the retailers. Possibly come down towards the bottom orderblock so they can mitigate their positions.
Not in this chart but also noticable, still large amount of supply / volume between $28k and $40k.
This scenario would not only scare the bulls by dropping below $40,5k...
It would also scare the bears since all of them are looking at the larger time frame head and shoulders pattern which wouldn't play out either...
(larger head and shoulders pattern has a target of around $24k, depending on how you draw it)
GBPJPY REENTRY SELLAfter clearing internal liquidity and playing into the previous high GBPJPY has sharply rejected it forming a potential POI.
Depending on the 4hr close of this current candle I would like to take an entry(2 potential entry zones)
Technically we have already achieved a break of structure (green arrow) however as an added confirmation I would like the current 4hr candlestick to close near to or below (preferably below) the blue arrow.
This sell is apart of a longer term sell which I have linked as a related idea below.
I have shown two potential entries, one at the opening of the candle where I will scale in and one at the 50% where the majority of my position will be opened.
The 50% will provide a better r:r due to the shorter stop loss.
Trade any as you see fit.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
GBPJPY SMC SELLShort term -> Swing setup.
Looking for price to go tap into the 157.380 level which is the opening of the 15min POI/Orderblock
Price has broken structure and should retest that candle before dropping down.
I will most likely swing this sell down to the 150 level.
Note: This trade is a short term structure based setup which aligns with my bigger timeframe analysis (link attached)
DISCLAIMER: I am not a financial advisor and nor is this financial advice.
If you trade this pair with me and make money from this, please help support a fellow trader.
My cashapp is on the chart! Thank you for your time.
HYDRA - Cardano's Layer 2. Could it be a NEXT 10 - 100x ??
Today I'm looking at Cardano's (ADA) Layer 2 scaling solution HYDRA
25 million dollar market cap. Trading at $7.03 at the time of this video. Alt High of $52
2021 being a huge year for Layer 2 solutions. I can't imagine scaling solutions going away ANYTIME SOON.
Cardano being a top 10 blockchain tech.
I think as far as risk vs reward. This coin is one to keep an eye on.
at this price point and market cap especially.
This video is entertainment. Thanks for jamming!
keep stacking it!
-HP
BTC Bullish Idea.Hey guys, here is what I am looking out for from BTC over the next 30 days.
This idea is based off the Wyckoff accumulation pattern. It's a classic retail shakeout tactic where institutional investors fill or their cheap BTC orders while we sell low and buy back high.
BTC dominance is starting to trend higher so Alts will likely get wrecked over the next 30 days.
Time to accumulate BTC for the long term.
Not financial advice, do your own research. Its a very high risk and volatile period.
More updates soon.