Broken bull flag retest..long trade(1:3)Risk reward ratio.
Bull flag pattern on bitcoin chart..Risk reward ratio 1:6
Accumulation schematics by Wyckoff represents a primary model for accumulation(coin collection).it works to represent and examine the accumulation process.Besides,accumulation schematics also provide important phases to guide us through the trading position. Phase A: Indicates the pause of the downtrend(trading range).Till this point,supply remains dominat,which...
Going deeper into bitcoin chart,we can see potential move to 45 000_50 000$ in next months.
In my opinion 4 hourly divergence enough to push bitcion price to 23k area again,and complete this(W)..Risk reward ratio 1:2.5
I think will see move to upside..Risk reward ratio 1:3
Bitcoin Price and Hash Rate Relationship: The Bitcoin hash ribbons indicator’s core concept is that there is a direct relationship between the hash rate and price. The thought is that the miners will reduce their bitcoin mining efforts when an opportunity to get better results elsewhere occurs, this can happen for two reasons: (1) Bitcoin price has...
What the Falling Wedge Tells Us ? The falling wedge pattern is a technical formation that signals the end of the consolidation phase that facilitated a pull back lower. As outlined earlier, falling wedges can be both a reversal and continuation pattern. In essence, both continuation and reversal scenarios are inherently bullish. As such, the falling wedge can be...
Accumulation schematics by Wyckoff represents a primary model for accumulation(coin collection).it works to represent and examine the accumulation process.Besides,accumulation schematics also provide important phases to guide us through the trading position. Phase A: Indicates the pause of the downtrend(trading range).Till this point,supply remains dominat,which...
As we can see on bitcoin chart(Bullish AB=CD Harmonic Pattern) Point A: Starting point Point B: End of the first down swing Point C: 61.8% retracement of A_B leg Point D: Extention of 127% of the B_C leg.
Expecting the price of bitcoin to go higher in order to complete the expanding triangle,then return to break support zone.
One of the primary reasons for using the Wyckoff method is to improve the market position by predicting the upcoming price movements, especially where a major risk/reward ratio is involved. Trading Ranges (TRs) is another concept used by the method which is used to determine the accumulation and distribution zones. These are those zones where the prices bounce...