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Spring

Solana Showing Signs of Life Near the PCZ of a Bullish SharkSolana after bringing us a Weekly Double MACD Bullish Divergence Below Support has managed to Spring Back into the Major Support Zone that is confluent with a 1.618 Bullish Shark and is now Preparing to Bullishly Engulf the previous weekly candle in an attempt to hook on to the zone. This can lead to us confirming the Old Support Zone as Support Again where we could then rally off the Support and take off to the Minimum Harmonic Target of $133.86 and if things are really Bullish; All Time Highs. My only worries for this coin are it's previous connections with FTX but perhaps the technicals are hinting here that the FTX impact is not as bad as I initially perceived.
BINANCE:SOLUSDLong
by RizeSenpai
1
BTC update after CPI data released. Hi dear community and my loyal followers. As you know actual CPI data released 7.1% but had expected 7.3% so both stock and crypto market reacted the news positively and pumped making the market green. If you check my previous analysis about BTC short term update, You can see that I warned you about it, tweeted about new updates how I closed my short position at 16.8K and opened long at the same level. I'm looking at daily timeframe and as you see I expect BTC bullish move towards 21.5-22K if it flips green zone and at the same time OBV breaks the mentioned blue channel and confirms trend strength with volume. When you look at my daily chart you can notice how BTC diagonal support trendline held & how beautiful triple bottom on OBV chart played out very well. If BTC breaks the mentioned green zone 18.5K it will confirm and increase probability that my previous analyses were accurate about BTC bottom and Wyckoff accumulation phase. As you remember I mentioned many times that BTC real bottom was at 17.5K in June and the recent dump from 17.5K to 15.5K was a false breakdown/bear trap/ with double bottom pattern + many bullish divergences like 2021 November top which was a false breakout/ bull trap/ with double top = many bear divergences. At the same time I published Wyckoff accumulation phase and told you that the recent dump from 17.5 to 15.5K was a spring. As you see on the chart I expect red line scenario for coming days. BTC more likely will hit 21.5-22K supply zone and rejects at that area and tests 18-18.5K resistance, then hits upper band of the Wyckoff accumulation zone. If my scenario plays out, it will also confirm the weekly falling wedge breakout and retest posted bellow and my previous analyses. Check bellow other bullish weekly charts and indicators I'm going to update. If you like my ideas and analyses, don't forget to like and follow for further updates. I will appreciate any single follow, like & comment.
Long
by ergal91
6
Litecoin to Bitcoin is Peaking Back Above Very Historic SupportLTC/BTC have traded against eachother within this huge range since the beginning and this range has always been well respected and now we are on the lower end of the range and have broken out of a Falling Wedge and are now Piercing back within the support zone we very much needed to stay above and now could be looking for a retrace back to the upper end of the range up at 0.025 BTC. if we then break above that level LTC will have likely have Blue Skies from there and could go well above 0.05BTC.
Long
by RizeSenpai
Wyckoff accumulation phase of a lifetime? I've posted my first accumulation idea here back in August 22nd And it seems to have played out nicely. Excited to see where this goes as I see this as an accumulation phase of a lifetime. We'll potentially reach the bottom within the next few weeks/months and this seems like a great time to accumulate BTC. If Tether shows itself to be the next falling knife, we'll for sure reach levels below the currently indexed ones. But maybe that can be averted.
BITSTAMP:BTCUSDLong
by AlexWasTaken
3
possible accumulation The fiber is trading in a range and we can notice an upthrust and apossible spring, we still cannot confirm that the low of today is the real spring, in fact if we trade in a conservative way we might wait other confirmations before thinking about opening a long trade, if you are more aggressive you might open a buy with tp and sl as highlighted on the chart above. Pay attention at the fundametal news, especially on thursday during ECB event If you want more specific information send me a direct message. Francesco
by Dragon_Investments
BTC Wyckoff spring triggered by the ETH merge?Here's something I've been playing around with. The idea is that we're potentially almost at the end of an unusually short Wyckoff accumulation period. Coincidentally, then the spring would fit well with the time of the ETH merge. The merge could mean there's a lot of people that's playing the "buy the rumor, sell the news" game - potentially meaning a lot of gains will move from ETH into BTC and trigger the spring, signalling we're out of the bear market (semi-short term at least). I'm keeping an eye of the price range movements over this weekend to mid next week for a soft confirmation that we're in phase c.
BITSTAMP:BTCUSDLong
by virkot
WYCKOFF analisysTHE CABLE 15 min chart analisys: We can notice a possible accumulation range, we notice that the volumes are not high when the price reaches the resistance line and this means that the interest in selling is shrinking. Now we should follow the price action, price could: 1 retest the support line and create another stronger spring (not likely) 2 moving up strongly and breaking the resistance ( we may consider to open a position ONLY if price retests the resistance line) 3 continuing the ranging market for the next 1-2 days ( in this case we SHOULD NOT open any long position because the accumulation scheme would have failed and it might be a redistributon). Follow me and stay tuned! The Italian trader
by Dragon_Investments
The SpringROKU has been undergoing a complex accumulation phase for the last 3 months. This chart shows the boundaries that have formed, and it can be broken down further into 5 zones of alternating 3-point moves (e.g. relative low, relative high, relative low). Volume has decreased, volatility has decreased indicating accumulation. Also the DMI is characteristic of accumulation. This gap down on earnings will be the spring, it will get bought up fast. Next to come will be the sign of strength, then backup/retest, and finally markup. The green path is illustrative but the expectation is that it will be trading in the 90-110 range by end of August. Markup will take it to 130-180 by end of year and that will begin the next bullish cycle toward new all time highs in the years to come.
NASDAQ:ROKULong
by JabezDolz
2
Springish Obvious and typical *Drunk Spider Web* pattern unfolding. DMI indicates we just saw the spring of a wyckoff accumulation phase - still needs to complete sign of strength and backup/retest before markup. Within this zone can also see a triangle that broke out, then retested support. However, ROKU has quite a web of resistance - could swing long near term calls around 100 strike and hedge 3:1 (perhaps Jul 8 100c, Jul 1 85p) Confirmation for big long would need to see a run from here to around 111, then test of around 100 and bounce from there. If that plays out I’d become very bullish with initial target 140. Not Financial Advice.
NASDAQ:ROKULong
by JabezDolz
Jumping your local creekBased on DMI and obv divergence on the 30min-1 hour time frame, this is a good setup to make a run back to upper 20k/lower 30k region. Detecting equilibrium point 3-way intersection occurring around 6:30AM on Tuesday June 21st. The way I see it BTC started trading bullish after the 17k got bought up and it’s looking like that was the spring of a very local accumulation phase, which would setup for an incoming sign of strength near the critical event on Tuesday morning. What would unfold if this materialized is a back up test and then continuation to near upper 20-lower 30k.. this would likely be part of a larger accumulation within the 17-30k range and could result in a larger spring down to the 13k level before initiating markup (and completion of corrective wave after big money loads the boat at average cost of 22k. The blue lines are the local creek drawn at successive highs, we just saw an inflection from down current to up current which makes me think that that was a spring at 17k. The dashed purple are support across successive lows which might give some confirmation the sign of strength is coming if it can get back above the purple line immediately above price in chart.
BITSTAMP:BTCUSDLong
by JabezDolz
9