GreyPool

GreyPool

Great Buy opportunity in LINKUSDT, it has not caught up to the price increase in BTC yet, tarageting 12.8 at least

GreyPool

Although we are in an accumulation phase, shown clearly on the hourly chart of BTC, the fact that price sliced through the top of what was previous resistance shows that it wants to go lower for another leg within the accumulation phase Ideally, 10380 - 10400 would have have been support for an eventual further move up A drop back to 10200 is imminent

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*** Please click the LIKE button above if our signals are useful, thank you*** As expected, since the yesterday's daily close was below the top reversal from the 18th BTC reacted to that major resistance level and retraced If the current 4hr bar (4am ET) closes below 11690 a rapid down-move to at least 11500 is inevitable . It is also important to note that...

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This area on the daily of BTC is very similar to the area we're in now There is a large spread down bar closing off it's lows first (Climactic Action) then price rebounds up and creates a top reversal It's the combination of the top reversal after the climatic down bar that is telling - indicating Smart Money is accumulating but not ready to send it up yet It...

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* Please click like below if our signals are useful, thank you* A move to 9600 is probable after the accumulation of the last few days and strong move up this morning

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* Please click like below if our signals are useful, thank you* Attempts to gather support at 9000 were unsuccessful in the past day, multiple trap down moves and climactic up bars ended with price retracing. A drop below 9000 appears imminent, switched to a sell order

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* Please like below if you find our content useful * What once was distribution to the left is now starting to be support as accumulation creeps in. The bar the arrows are pointing to is very important to this story even though it looks unassuming - an almost perfect text on lower volume that is confirmed afterwards A pop up to 9300 is probable

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First target is 8950 and the second target is 8600

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Now that the immediate background is showing a sideways market that is mostly distributing a sell off seems imminent

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Please hit the like button if you value our content Either a large absorption bar will follow this accumulation or a trap-down to gather more buyers but this is a major decision point for the market

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Absorption on 1HR BTC - Breakout Up Imminent Immediate background on the Daily shows strength after the topside reversal a few days ago

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On yesterday's daily bar the volume is very low and the spread is small, taking a short after the daily close would not be a bad trade, however, I need to see a breakout first The immediate background is bearish and distributing, the larger trend is still up but I think a dip may be imminent

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Once in the 8100-8400 range it seems further accumulation can take place but not before then - the daily down bar on the 24th is on low to average volume and average spread which means it is a signal of a lack of support and strength - the subsequent low vol up bar on low spread confirms the lack of strength - the next major support area is 8100-8400 Counter...

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The next major support below is at 8700, if that does not hold price could fall to 8100 The major trend is still long, it looks like more accumulation will be needed before the next push up

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This will be like a wedge that pushes BTC higher A powerful combinations of bars (failures)

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BTC has been in a distribution phase for weeks, this is a phase where the market is preparing to sell off and strength is being absorbed. A fresh break of 7000 is inevitable in the next couple weeks

GreyPool Updated 

Sold at 7219 after Daily Reversal and the Trap-Down move failure on the 1hr - The trade assistance produced a signal based on that failure a few hours ago

GreyPool Updated 

BTCUSD actually looks bullish now up to the 7620 level at least. Waiting for an entry on the 1hr from a pullback but here on the Daily after the failed upthrust a few days ago and the successful test they way seems clear up for a 300 pip move