STX / USDT FUTURES LONG ON SIGHTRight now i am in short position opened nearby last high, but i don't see strong reaction in this place. I will try to look for LONG positions and maybe some additional bags for my spot account.
Actual downward movement leaves so much liquidity to grab - means that it don't have much power/momentum.
We also need spring in this little reacumulation (if it's it)
I don't know if the price will come there in recent hours, days or in weeks or months.
I will try to seek long in golden hot zone
Target - new high
Wyckoff
Possible (roughly estimated) Wyckoff cycle on BTCUSDThis is what I think may happen with BTCUSD based on Wyckoff cycles. I haven't checked the fibs or anything, so prices may be a bit inaccurate, but basically it works like this. Note that the prices here haven't been checked at all, and at the end of the day they don't really matter aside from the fact that market-movers know people look at them and use them to try to predict the market, which is nearly impossible unless you have enough money to set the market in your favor.
The people controlling the price (whales, institutions) can set walls wherever they want. They can cause the price to either oscillate within a range, to go up, or to go down. They are counting on human emotion (FOMO/ FUD) to drive the price one way or another.
Note also that, during cycles of Accumulation or Distribution, they are still accumulating during the lows of the Distribution cycles or the highs of the Accumulation cycles. So within these cycles are cycles of a lower magnitude.
The point is, the price is going to keep going up, because the asset has a fixed supply. They can prey on human emotion and lack of market education to predict what "most people" (the fish) will do. At the same time, they hold enough to setup walls and keep the price within certain ranges, allowing them to sell at the highs of that range and buy back in at the lows of the range.
This sounds stupid, because it literally is "sell high / buy low". In this case though, it isn't really all that stupid, because they can set the high and lows by creating buy and sell walls wherever they want to. Only a more powerful whale can really break their ranges, but that's pointless because it is in their best interest to work together and take the money from people trading on the daily, hourly and even sub-hourly oscillations. After all, they aren't counting on something going "to da moon" to pay their bills. They have enough money to survive a crash, or to capitalize on a "breakout" (which is when they stop selling and keeping the price within a range).
Most of these prices will look random, which they kind of are. But it's like putting 5 metronomes on a platform with a couple of cylinders beneath it - eventually the metronomes sync up. So their goal is less to "make money on this next day" than it is to "figure out a range that works in our best interest, and keep it going for as long as the little guys keep playing ball". Once smaller-time investors (people who have to go to work or are counting on good trades to pay their bills) dry up, they simply stop holding the price down and let people continue to buy. These are the people you should be following, because ultimately, they control the price.
That's the beautiful thing about Bitcoin. Its value is not predicated upon who has the most missiles, or who is developing some groundbreaking new technology. It is only predicated upon the assumption that it works, which it does (as a means of transferring value from one individual to another in a secure manner).
Altcoins are typically people trying to "print more bitcoin" by piggybacking off of the crypto movement in general and hoping enough fish bite the hooks. There are very, very few altcoins that have any intrinsic value which Bitcoin doesn't already have. I can't even think of one right now, so if you can please let me know.
SHIB LONG TRADE FOR ATHAfter this upwards move i am more confident about future longs
I won't be suprised if price at first clear lows where my SL is and them rocket up.
At green doted bars i place my long orders. If the correction moves keep goin slowly like this, i am very sure about this position.
If someone want to join this train, green doted bars are pretty safe and high RR zones
Minimal tp is marked with my position
Optimal TP is recent height
Main TP is ATH ;)
BTC LONG FOR SUNDAY/MONDAYBTC marked Market Structure Break after touching the imbalance, below last long price wicks, that's a bullish sign. I try to look for long trades, these are my spots.
Entry 1 (RR 1:4.5) : Filling/touching multiple timeframes imbalances.
Entry 2 (RR 1:10.8): Touching order block and grabing some liq down there
SL: below actual low, but becouse there is imbalance i prefer not to rush with deposit
TP min: 70 715$
TP main: new ATH :)
WILL AMD CONTINUE ITS MARK UPbased on previous analysis (refer link below)
it looks like The current Trading Range is Re-Accumulating (Schematic #1)
With a Spring signal, in an existing previous Uptrend, it is a strong signal to buy
This is what David Weiss termed as a Feather's Weight
position initated as attached
always respect risk
Pure Wyckoff
CSCSTEL MARK UP
I was interested with the price action that occured since 23/2/24,
in which a huge selling that resulted in a price rebound post-selling
-This is what wyckoffian termed as ' CO ROTATION '
in which, theoritically, a changing of ownership from one composite man to another composite man
Very nice accmulation range.
this is just technical analysis, anything can happen.
always respect risk no matter how great your conviction/confidence.
Pure Wyckoff
ECONPILE MARK UPThis is an atypical Re-Accumulation Pattern Which falls under Schematic #2
This chart attracted my attention in view of:
1/ surging of buying demand (possibly from the Big Boys AKA Composite Man )
2/ A gap up (God Bar) on 13/3/24 accompanied with a huge Demand Vol.
-A very characteristic of JAC (Jump Across the creek)
Thus, in view of that, position initiated as attached
Pure Wyckoff
MANTA will pump soon with Wyckoff Methods1h time frame
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MANTA performs a standard Wyckoff Accumukatuon Methods, which provide guidelines for identifying trade candidates and entering long positions. From chart above, we can recoginze obvious phases of Wyckoff, icluding AR / ST / Spring / LPS / SOS. Currently, MANTA is probably under the SOS phase (Sign of Strength), that is a price advance on increasing spread and relatively higher volume.
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Targets: 4.7 / 5.6 / 60+(long-term)
#XAU #XAUUSD #GOLD #Short #ShortSetup #Eddy#XAU #XAUUSD #GOLD #Short #ShortSetup #Eddy
I'll Think Its Time to short Gold ;-)
In the monthly time frame, it looks like we have the third collision and the completion of the monthly divergence.
What you think!?
Related Analysis of Gold : (( XAU/USD )) : Check Link :
BTC 10-year rough estimate EW & FibAnything's possible when you're working with a finite asset in a world where:
Inflation is constantly rising and multiple fiat currencies continue to fail.
New sources for rare earth elements and precious metals are constantly being discovered.
The overall output of society continues to rise.
This is a (very) rough estimate based on Elliot Wave Principle and Fibonacci (price & time) retracements/extensions.
Solana - Wyckoff Mark Up ExampleSolana vs. Wyckoff Logic
SOLUSD example of mark up in the Wyckoff logic schematic. If unfamilar, there are market phases according to Wyckoff Logic:
Accumulation: The phase where the market stops falling and begins to form a base, suggesting that demand is starting to overcome supply. It is characterized by a selling climax, where the price falls sharply, and the volume is high, indicating panic selling. After the climax, there is typically a phase of sideways movement, with occasional tests of the lows. This phase is labeled as the cause, setting up for a new upward trend (effect).
Markup: After accumulation, the price starts to rise, signifying that the market is entering the markup phase. This phase is indicated by a rise in price away from the accumulation zone, often with increasing volume, which is interpreted as the start of a new uptrend.
Distribution: This is the phase where the market tops out and is characterized by a buying climax. Supply begins to overcome demand as the "smart money" starts to distribute their holdings to the market. The distribution phase is also labeled as the cause for the subsequent downtrend.
Markdown: Following distribution, the market enters the markdown phase where prices start to fall consistently. This phase is shown by a break of support levels with increasing volume, indicating a strong presence of selling pressure.
The image also depicts the concept of "Volume" with a histogram at the bottom. The volume bars are colored in red and blue, generally indicating selling and buying volume, respectively. The histogram helps traders identify moments of high or low volume, which can be a sign of the strength or weakness of a particular price movement.
Wyckoff's analysis technique is grounded in the study of price action, volume, and time, as they relate to supply and demand. It is a tool for understanding the market's structure and potentially predicting future price movements by identifying the actions of large institutional traders and investors.
TOTAL CAP prediction in next 6 months +100% CRYPTOCAP:TOTAL
Descending Triangle Breakout expected
Wyckoff cycle end, accumulation incoming in next mid-term period of 6-10 months, next "BUS" station +100% in market cap.
Too many projects waiting under the carpet during this period, development cannot be stopped !!!!
Financials trying to catch up with technology and not lose control, it has always been like that throughout history, that is the only way to move the boundaries and make progress.
I wish you a prosperous 2023 🙏
PS. Today is Friday the 13th, so let's see who will bring luck in the next period 🥰🙏