Bitcoin had a 20 week rally starting 21 November 2022 after 23 weeks of double bottom formation which was the sign of strength (SOS) event in this accumulation structure. Now, after another 26 weeks of sideways re-accumulation type structure, Bitcoin has retested 25k zone multiple times and flipped this once resistance in to support and is ready for the markup...
As we can see BTC is behaving very simmilary of what XRP did after the SEC lawsuit in 2020. Wyckoff accumulation pattern is almost done, we just have to go through last boring phase, which could drag quite some time. We could be doing a simple ABC correction. Its a phase where a lot of retail will sell, specially those that bought back in at this recent 24k high....
Bitcoin has been in a sideways range since Jan 24th after dropping from ATH in November. Since then accumulation structure has formed and showed sign of strength at the begining of March by hitting 45.352 and rejected from 200MA. Following this rejection, Bitcoin started printing higher lows and has successfully broke above 200MA in it's second attempt. I'm...
Hi all, Looks complicated but really isn't. The dashed green trend lines are the neck lines of previous head & shoulder patterns and we are about to touch them. So, obviously, a reaction is to be expected which will give us a new higher low that will form the left shoulder of the inverse H&S pattern. This is also the Last Point Of Support (LPS) of the wyckoff...
Chart shows the possibility of the Wyckoff Method Chart Pattern and it's target.
Hi fellas! This is what accumulation DOES! You will not go up before everyone turns bearish! Even the best traders i know were heading for 37k and boom, stops were hit! Lessons learned, never short the support! (once again!) Now, this is the Show Of Strength moment (SOS) in this accumulation zone. It was quick right? Patience pays off! We had literally tested...
LOL :) This is what you will hear from bears screaming bear market and it's the perfect buy signal :) Here's why: 1- The Up Trend is Intact From a long term perspective our uptrend stride has finally found it's third touch and the supply trend is validated. Even a second spring happens, it will just be a shakeout. 2- The FED News This is where the reversals and...
Here's the monthly chart for a broader (and cleaner) view of the current price action. Current pull back carries a lot of similarities with the hard fork crash back in November 2018. Both events were the biggest attacks on Bitcoin network and on both occurences the hashrate has dropped significantly overnight. Once the decentralized network proved to be rock...
Alright people, are you ready to meet my bull face? I never actually removed my laser eyes anyways :))) There's a bull inside of every bear and vice versa! Let's start with, the bad news: Redistribution is invalidated, no more 20k in the horizon. The rally from 30k has set the end of redistribution scenario which has always been the possibility and this also...
Now that everyone turned bullish, i wanted to analyse the possibility of an uptrend. Let's start; We have seen a higher high (HH) on June 29th at $36.600 following a higher low (HL) which are bullish signs, but notice how the HH felt $650 short from the top of this so called uptrend! It should have made a high at least at $37.253 which was the close of May. It...
As predicted bitcoin got rejected at the 38k yesterday, however after being rejected it flipped the previous resistance of 37k into support. After finding support on the 37k in combination with the 0.66 golden pocket fibonacci retracement of the very first wave after this we got a price increase and an increase in volume when we broke through 38k. We are currently...
Last night we failed to reclaim the 36k, this was an important level if we wanted to see some more upside. After getting rejected on the 36k (which was also a .236 and 0.5 fibonacci level) we fell down to test the first support level of the wyckoff model, at the time of writing it seems to hold. When this holds we could see a small increase in price but in the...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...