Institutional
Bitcoin re-accumulation zone7 Essential principles we have learnt this year from trading weekly charts:
-Weekly charts are where the real $ is.
-If you are looking at weekly charts, don't get caught up in the short term volatility. Unless trading the 1D and 4H charts, of course.
-Identifying the accumulation or re-accumulation zone early is essential.
-Don't expect the price to start moving as soon as you buy or sell. A single trade on a weekly chart can last up to 16 weeks.
-Accumulation zones on a weekly chart can go from 10 to 16 weeks, sometimes more. Market sentiment is usually bearish during this time.
-Accumulation zones are where the institutions buy the lower part of the zone, while retail sells their positions following bearish news.
-Retail jumps on board once the price has left the accumulation zone. Don't follow market sentiment!
That being said, I believe we are currently at the early stage of a re-accumulation zone that will last several weeks. Maybe another 7 to 10.
Guessing when the price will leave the zone would be as naive as trying to guess how deep the dip will be. That's why I always show a box with the "zone".
So, start accumulating without expecting to be the last buyer before a rally.
I re-accumulated BTC at $33.500 in July while the market sentiment was extremely bearish. I wasn't the last buyer, because prices went down to almost $28.000 few weeks after. I closed those positions at $65.000 and again, I wasn't the last seller. Expecting to be that person is imposible and will affect your judgment.
My best advice is, start accumulating and be patient. When trading the weekly, use the daily timeframe ONLY to try and find the best buying zones but don't get caught up in the short term volatility.
I'll be posting the daily projections as per usual. Here's the link to the previous one, which is right on track with the forecast:
We might or might not visit the 42k zone. The question is: If you buy BTC at 46 -current price- and you sell around 70. Would you care if you bought it at 42 or 46? Maybe!
Ask those bears who were waiting for the $20.000 in July just because that was "The best buying zone" what they think now.
Happy 2022!
Rio.
AUDUSD H4 - SELL TO BUYWe could look for a SELL if prices broke the immediate H4 swing low, then look for supply areas to get involved for SELLS into the demand area to potentially go higher.
If we expect a move towards Liquidity lows, we need the H4 demand to fail, before prices can head down lower.
BTC HODL?When looking at BTC, we can see that it attempted to move higher but the bears gained control right away and pushed the price right back into the channel. You can look at my previous post and see. These levels are crucial and with this new covid variant, I wouldn't be surprised if we retest the 30ks again. I think there are too many institutions involved to see the price fall back to the 15k to 20k range but as long as you're smart with your entries, history shows in the end the price will always go higher, even if it takes a few years. HODL!
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Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice.
BTCUSD Short to LongI haven't provided any analysis in a while but after BTC made its crazy drop from 58k to 40-42k, the market left a huge area of exhaustion at the bottom. In the 43k area I noticed an open order that has not be mitigated yet. Bitcoin gave us some nice bullish momentum to end the previous week and to start off the week. But If you notice on the 4hr we have equal lows which left us with an area below it to capture liquidity. I'm expecting it to fill in that area then give us that BULL run that we want so market can rebound from the 58k to 40k drop
GBPCAD H1 - LONGPrices broke structure, leaving behind 2 ranges to work with. The one above has a smaller range therefore, we could trade the immediate BOS if we see a structural shift onto demand area.
Otherwise, with the context of the entire market structure, we could wait for a deeper pullback > accumulation and the transfer of weak into strong hands for a valid buy.
USDCAD DAILY - SHORTUSDCAD Projections towards the downside. Prices broke the Swing Low that created the Ultimate High, showing us that it wants to go bearish.
We could sell into the immediate demand area created on the daily. Otherwise, wait for the demand to fail and trade the flip zone AKA Supply that cause demand to fail.
GBPUSD PAYSEarlier I sent my analysis on GBPUSD.
We are currently up 3% on this trade and can possibly gain more if GU can pick up volume to gain take out liquidity at the bottom.
Nonetheless 3% on a trade is still really good profit and if we wanted we can close out here with nice gains and look for out next trade.
GBNZD structure analysisLooking at pair GBPNZD trend did a dobble top securing liquidity to be smash. Price is moving now side ways, quietly with a accumulating pattern, and keep breaking the LL seeking for the next point of supply. My red POI is determinine by this confluence:
1º _ 1.93300 was a KL that dobble tap and broke liquidity.
2º _ The daily bearish candle + the institunional candle did break structure and seems a good point of interest.
3º_ The POI movement that created the HH align with our 78% Fibo.
Comment what y'all think!!!!
Thank you.
EURJPY Bullish swingEURJPY has been in a bearish correction as we can see on the WEEKLY time frame, breaking the the previous LL, where liquidity was located.
Price is close getting closer to our POI (Point of Interest) 126.300 where is the bullish institutional candle that concord with the weekly HL support zone.
If the bullish rally take place I would look to take Profit on TP1_136.700 or TP2_132.00