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Spring

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
APP Potential Spring - Waiting for backtestEyeballing APP here. On the daily we have three drives of classic bullish divergence on the MACD indicating price action reversal. So far, the price has indeed rallied. If APP can successfully backtest that $49.86 previous all-time low close here in late march, then I'll take a long with the chance for a very nice April/May return. Also, the sellers failed to push the price down to the bottom of that descending channel. Further signalling a greater chance of a reversal and eventual breakout to the upside. Entry: None yet, need a successful backtest of the spring.
NASDAQ:APPLong
by MediumOfEscape
BTC possible Wyckoff Creek into SpringPersonally I have been favouring lower prices and retest of 28K This set up mid downtrend is not my favourite scenario but it is getting a little hard to ignore now Can see a few days of volatility decreasing and supply exhausting. Hate to admit it but there are conditions for a spring action here Not being the bottom saint but this could very well be the new low and perhaps bouncing on an apex style formation on higher timeframes (See last idea) Risk management must be applied well as always but the set up is too good to miss. Pay to play! If this fails then we look to lower prices...
FTX:BTCUSDLong
by FX_TWIN
1
BTC in an accumulating phaseHello guys, as mentioned in previous ideas, im just a day trader sharing my ideas. Please do not take them as financial advice, always do your own research. As mention before, we've been shorting since 52k and waiting on BTC to descend to its highest support and demand zone, which spans all the way from 43k to 40k, to enter into some fresh LONG positions. In the past few days we've seen a lot of volatility, and the pair is trading at 41k at the time of writing. We can see a lot of buying volume rolling in, suggesting accumulation and leveraged traders are doubling down on their positions as the leverage ratio in exchanges is rapidly increasing (Which means traders are confident about their positions). Finally we can see an interesting pattern forming which would suggest a trend reversal, the Wyckoff spring. There are a lot of ideas here about Wyckoff's accumulation phase here on TradingView, so I won't get into the details, but if that is whats going on, we should expect a pattern like the one drawn play out in the next few days. I am still confident on my analysis, and Im personally happily accumulating more BTC at lower levels, averaging my positions. If the price turns down from 40k, we can expect to revisit lower levels like 38k. If that plays out all we have to do is stay calm, stay away from high leverage and accumulate at lower prices to average out our positions. Hope you guys are doing well and taking some profits along the way, money management is KEY.
Long
by cryp70g0d
Here we go again ! - BTCUSDT ANALYSISConclusion since the last analysis : we are always waiting for buying volumes and like I said in the few past analysis (attached to this one), if we don't find some buying volumes we will go deeper to find some. So, we didn't find buying volumes and it's kinda frustrating because the setup was pretty to have a good signal : exhaust of volumes, buying pressure, majors levels and a nice start of short U-Turn. Unfortunetly the closing candle of the US session was murderous, we didn't had buying volume .... so we go deeper with selling volumes. Did it change something for us ? Absolutly not ! I said "lower it is better it is" in the yellow area (because the biggest level is the bottom of the area) and when I spoke about volumes at the first stop I said that I was expecting the same reaction on the bottom. And here we are ! We have volumes again, we have a selling exhaust again, we have buying pressure again, we have levels again, so .... we wait buying volumes again ! And I prefer to specify : the down channel isn't reintegrated, we are always on it. Wyckoff pattern is hard to navigate, like I already explain, it's an emotional pattern, we search extreme fear to take the most of profit of the market. And until we didn't break the spring pattern there is no reason for me to change my vision of the future evolution. I remind : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" . If you change your mind before the end of your strategy, you don't applicate what you learned for. What happen if we go deeper ? In fact, in my strategy it's the last level to considerate the spring pattern, and so, the wyckoff accumulation pattern. If we see a selling volume breaking the pin, it's the end of the pattern and I will look for the next setup to target. I said in one of my past analysis : "even if we go lower than the yellow area, don't forget that we are on support until $39,500 and we are not in bear market until $28,200" and it's always the case so there will be other opportunities. I also want to remind : 0 entry on market since my first analysis about this pattern (9 days ago). Some beginner which trade with emotions have probably already took 3-4 positions .... and 3-4 stop loss. I said PATIENCE, WAIT, you win money by not loosing it . So just continue to do it until you have a clean signal in your strategy. PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me some strength to continue !
by Kentg