GreyPool

GreyPool

Unobstructed Buying

GreyPool

A break up to at least the next resistance area of 14300 is likely within the next couple days A strong climactic signal reversal within a few Daily bars at a resistance level is usually a sign it is permeable and will soon become support

GreyPool

Breakout in progress and a subsequent LPS likely to follow in BTC after re-accumulation

GreyPool

If 12920 holds expect an immediate upward movement and climactic down bar If it is broken the next major support area is 12780, if the market finds support here it will likely re-accumulate afterwards in range trading for the short-term However, if 12780 breaks we could be looking at a sustained down move

GreyPool

The climactic down bar and subsequent wedge created during the accumulation phase in March is almost identical to the one which formed in the past month It is likely that we'll see the same range market and re-accumulation now after the breakout Don't be tempted to short even though there will be shorting opportunities they will be short-lived, this is the time...

GreyPool

Accumulation Building - BTC

GreyPool

The price rejection at 10680 signals a reversal in the market and inability for support to form at these levels The next significant support level is 10400 and the range between 10400 - 10600 may continue for a while as re-accumulation occurs

GreyPool

A clear rejection of 10800 level was followed by signs of weakness A trip to the top of the most recent and significant climactic action down bar at 10600 is likely, at which time a test or no supply would be a usable buy signal

GreyPool

Stock futures sharply down Sold BTC 10400, Target 10240

GreyPool

The recent breakout of the 10500 - 10800 range confirms strength at this level and supports the further move up above 11k If price retraces to the top of the recent range (10800) there is a very high probability it will rebound from there Also, this entire range on the daily going back to Sept 21st is the fuel for the next leg up in BTC and the fuel has not been...

GreyPool

I did a point and figure count for the most recent small re-accumulation phase starting on Sept 21st to determine if that phase would signal rise in price The price is currently hovering around the 10657 target and showing significant Signs of Strength, this is a good sign and signals a possible next leg up is coming

GreyPool

Short-Term Buy Opportunity - Target 10800

GreyPool

The count from the most recent accumulation phase according to the point and figure chart plotted on the price scale for a target of 12263

GreyPool

The sideways market after the large price drop early this week contains a lot hidden selling in the form of climactic up bars followed by price retraces

GreyPool

The inability of BTC to break and stay above 11k and the possible breakout to the downside today from the previous range make the probability of a drop to the 10700-10600 range more likely

GreyPool

11150 resistance level has been broken by a strong absorption move up in BTC this morning which changes that level to support for the eventual move upward The next key resistance levels are 11255 and 11430

GreyPool

The GreyPool VSA Trading Assistant indicator is showing an upthrust in the current 1hr bar after a few up bars with lower volume and a no demand bar as the previous bar The overall trend is strongly up but there will likely be a pullback here to at least 10800 before the daily close and the possibility of a rally afterwards

GreyPool

There is no resistance for the next 250 pips or so and after a retrace at around 11150 the path upward is clear