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Close but not quite readyPaypal is down 65% from its ATH last July. It's now flirting with a supply zone that stretches back to 2017. While I'm seeing Bullish Divergence here, I'm also seeing a downward sloping trendline that makes me think we might see one more sharp move down (into the supply zone) before establishing a bottom. If you're a long-term investor, this could be a great place to start building (or adding to) your position. -Mercury ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NASDAQ:PYPLLong
by mercury_rising
1
ROSEUSDT - Perspective of a Value BuyerRunning through a value buy scenario on ROSE if macro sets up for further correction. Spot accumulation setup, no leverage. Shoutout to @thecryptosniper for HVF theory, elements of which are used in my analysis (grindline theory, legacy HVF levels as KLoS). Note this is not *pure* HVF theory (as current ROSEUSDT pattern is not compliant) which would give us proper and specific entry, exit and targets to allow leveraged scaling, rather than just a general accumulation zone as indicated here. Tools used: Volume by Price (VBP): identifies price control areas which act as support/resistance, and likewise "pockets" where price is likely to slide through without much trouble. Key Levels of Significance (KLoS): Legacy inflection points, points of control, the like. Point of Control (PoC): Axis of VBP fluctuations - price will have many interactions on these, and they often serve as support/resistance later. Grindline: Typically called "trend line" but implications are more precisely defined in HVF theory. Fibonacci Retracement: Voodoo magic. Current fib retrace is taken from recent ATH in November 2021 to the low in June 2021 correction. Legacy PoC still dominant: There is a value buy zone sitting within the 0.18-0.21 range via a confluence of indicators. Legacy PoC has re-affirmed around the 0.20 level since the conclusion of the summer correction. Local PoC has, within the past week, shifted from the 0.20 level to just above the 0.5 fib, showing further strength (and potentially signalling that 0.20 may not be revisited). The 0.20 PoC level sits on top of the 0.382 fib and coincides with a prior HVF. Barring the start of a crypto bear market, the zone around the 0.20 PoC is likely the limit of discount we can potentially see within the coming weeks. For a return to the zone around 0.20 to occur, another downleg in BTCUSDT to the 42k-43k range is likely required (and at present, still within the realm of possibility). Otherwise, the local PoC should be treated as "best value" in the context of a continuing bull market.
Long
by Derivati-Capital
TWO different LONG setups Today for BTC/USDToday we have two different long scenarios. The first one being the bigger (From ATH to Low in June) .618 fibonacci retracement being accepted as support, this in combination with the previous week Value Area High and the .382 of the current move. The second setup would be from the previous day value area high in combination with the .618 retracement of the current move. Let me know what you think and always preserve your capital! :)
BYBIT:BTCUSD.PLong
by DaanVerbeek
2
Potential BTC Distribution ZoneThe following VAs listed in the chart (left to right): 1. VA of current calendar year 2. VA of Wyckoff Distribution Top 3. VA of potential accumulation zone 4. VA of current and potential distribution zone BTC is following a similar (granted smaller and faster) top pattern to the 2020 bull run and subsequent Wyckoff Distribution between 42K and 60K. Buyers were unable to provide a liquidity shake significantly below 30K; the demand for 30K LP was larger than expected. Market makers accumulated a decreasing supply in the bottom of 3rd VA. The POC for the 3rd VA is almost identical to the POC for the current calendar year and confidence was built for a short-term intermediate move with short liquidations providing more potential upside. I still have concern without seeing any relatively significant selling volume within the 4th VA, but would expect to see this in the upcoming days with a move down to 40-42K. I believe seller's ultimately will be unable to stay in control above 50K and the market will see impressive supply from underwater positions. In the long term, this will provide a key order block in a future more impressive buyer demanding market environment. Currently, the landscape while technically bullish does not appear to have any support from institutional buyers; with GBTC still being sold at a discount and whale wallets not clearly building position on-chain. My assumption is market makers will try to move the market price of BTC into a more value friendly zone between 18-25K. In an effort to keep myself accountable and level headed, I believe this pattern is invalidated with any break above 50K and either explosive volume with high spread or consolidation above the current (4th) value area- in the 2nd VA.
BNC:BLXShort
by WildZipper
BTC - Post-Breakout Falling Wedge - Potential TargetsWe had a clean but low volume breakout last night (such is a Friday night breakout session). This followed weeks of re-accumulation by industry that left us ranging between 10% down to 5% in an ascending triangle. On breakout, BTC peaked just under the ATH around 61.2k before entering a falling wedge. It appears primed to retest some key support levels but if sellers are there, they aren't very aggressive. Industry, miners and whales are not selling, and waiting to see how it retests. Whats Next: If this pattern continues, I am targeting the intersection at the top of the ~45 day value range and .618 fib for the bottom of the wedge and a spring to breakout North. We need to see this pattern continue down the wedge with declining volume/volatility as an additional confirmation. Potential long target starting around mid to low 59k. This will likely be invalidated if we fall below 58.9k and I would look for a deeper correction. But If we post a clean bounce around 59-59.5k, I expect volume to rise quickly with traders expecting a breakout. TP targets probably start between 62k and 623k. If this pattern continues into the coming weeks, my target for next top is ~72-75k. Other Indicators: Bullish: Whale Ratio: whales are hodling Bullish: MPI: miners are hodling Bullish: Exchange Inflow: looks healthy Neutral: Pi indicator is 70 USD from crossing. This one is on a lot of folks radars. If the two DMAs cross its a potential signal of the cycle top. But this cycle is different for many reasons so as a lone indicator, I don't see this as a high confidence indicator. Looking at other big industry players, miners, etc. everyone seems to think we have a lot more runway. That said, we could be overdue for a strong correction after this local top is reached.
COINBASE:BTCUSDLong
by 1BigPapi
2
CL Week Ahead 2/14/21 - 2/19/21> Very strong momentum higher >> Past two weeks have had 9/10 green days > Previous weekly value area: 57.75 - 58.75 w/ POC at 58.33 > Friday built a HVN above the weekly value area between 59.30 - 59.82. >> buying the lower end of this area early in the week could offer good r:r if the market doesn't get any real pullback. > If we do get a pullback, it will be important to see if last week's value area is defended. >> if it gets back inside last week's VA, the weekly POC should act as a magnet for deciding further direction. >> expect the weekly VAL to be heavily defended as well. > No shorts on Monday; I don't want to try to fight this momentum. I need it to show me it's ready to pullback before I try to lean on levels for shorts. >> Take short profits quickly next week if short positions are initiated. > If there is a significant down move, watch out for the multiple untested daily POC & HVN below; one or more of those should be good for at least a relief bounce.
NYMEX:CLH2021
by apaqu