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Altseason? Yes. Cryptos are in the beginning of a new bull cycleLong term view . ETHEREUM.BITCOIN. LITECOIN. Three major cap crypto assets: accumulation structures complete. It’s time to zoom out and focus on the big picture . All the major caps have finally confirmed their accumulation structures. Let’s review the price history of the last two years in the crypto ecosystem. The first signs of institutional value buying after the spectacular 2017 bull run came in the second half of 2018 (1) . Demand is consistent on the aggressive rally at point (2) , suggesting strength. The reaction (3) is an important clue. The downmove is very laborious, and volume is decreasing. It’s just take profit after the quick run. The Composite Operator is not actively selling. We have analyzed these structures and discussed the bullish scenario at the Best of Wyckoff Conference in early September. However, Wyckoffians do not chase the trend and wait for confirmations. The confirmation of the reaccumulation structures comes finally in January at point (3 ). The laborious reaction has produced a higher low on low volume, a very bullish sign. Supply has been absorbed. Price quickly rises on average demand (Ease of Movement to the upside) (4) . The double bottom formation on Ethereum and Litecoin is complete. Highly volatile assets like cryptocurrencies generates huge PnF counts in relatively shorts period of time. A two year reaccumulation in this asset class is a major event that suggest that we are at the beginning of a major bull run reminiscent of 2016-2017 . We will post accurate PnF counts for all big , mid and small caps in the next reports. Full analysis available for free Weekly Crypto Report here www.wyckoffanalytics.com Weekly Crypto Report: This week: The big picture. Cryptocurrencies are in the beginning of a new bull market. Long term analysis. Weekly Review: Bitcoin, Ethereum, Litecoin, Ripple, BSV Question: Altcoin/Bitcoin outperformance (Alt-season) & PnF Charts.
BITSTAMP:LTCUSDLong
by Wyckoff_Analytics
Head & Shoulder Pattern Using Mondays Candles Set UPThis is based on mondays candles which are boxed in the coloured boxes the break out of the zone indicates the head as shown. Then we had a 100% retrace back to the bottom of that Monday zone creating the neck line. Then the market moved back towards the opposite creating the right shoulder its right about on the support of the left shoulder i expect this to now be in a buy position and possibly move for a 30 to 50 pip movement
Long
by Forex_Fire
AMZN - consolidating and looking for momentum to come backAt this level I'm cautiously long. I see this price action as consolidation for the next leg up. Momentum has faded substantially on the hourly charts, but we still look strong on the daily timeframe. In my previous update (linked) I mentioned $1917.51 as an important level. Its the first level I'm watching today followed by $1925.56 which is a historic level that price reacted around. Once we break through that, my sights are set on $1942.56. We've had a good jobs report, which should keep us bullish but we could still easily see a dip at open. The levels I'm watching are $1894.89 (strong) followed by $1884.00. I don't think we get lower than that today, but it's always possible to see an excessive dip, if that happens I'm watching the volume node at $1874.47 level. Below that, and we need to step aside and re-evaluate.
NASDAQ:AMZNLong
by danbeaulieu
FOOTSIE 100 POTENTIAL SELL!GOOD AFTERNOON TRADERS, ITS GOOD TO BE BACK! HERE WE HAVE A POTENTIAL SELLING OPPORTUNITY ON THE UK STOCKS. THE CURRENT DAILY PRICE ACTION IS A BEARISH ENGULFING AND IF FINISHES THIS WAY WILL CONFIRM ENTRY BUT I'D STILL LIKE MORE FROM CANDLES FOR A STRONGER CONFIRMATION. IT HAS MULTIPLE CONFLUENCES FROM A TECHNICAL STANDPOINT TO BACK UP THE SELL AND ACCOMPANIED WITH A GREAT RR. FROM A FUNDAMENTAL STANDPOINT UK STOCKS HAVE BEEN RALLYING AND HAS HAD A LOT OF BULLISH MOMENTUM PARTICULARLY IN THIS STOCK. SUCH AN IMPULSIVE MOVE UPWARDS IMPLIES A LOT OF VOLUME AND BULLISH STRENGTH SO TAKE IT EASY WITH THIS ONE AND USE UNDER 1% RISK AS COULD STILL CONTINUE TO RISE.
TVC:UKXShort
by CoinCaller
First post - Cup&Handle pattern? Hi traders and crypto friends, it´s BohemianCrypto, after months watching and learning i decided to publish my fist idea. It´s not trading advice, I´m still waiting for market to decide, but I see obvious Cup and Handle pattern which i have not seen published by anyone else here... So my question is what do you thing? Do you see the same in short or am I basically outside the bowl? Marry Christmas and may the force be with us next year. Cheers
COINBASE:BTCUSDShort
by BohemianCrypto
NULS / Bitcoin | Buy and Sell StrategyPrice going in Sideways channel. We can follow up prices and buy near supports, which I will use as buy strategy minor support 3900 (15% of position size) major support 3500 (50% of position size) Additive support levels at 3290 and 2970 (rest% of the position size) Place stop loss orders exactly near supports to avoid loss. For sell, I will follow resistance zones at 4700 (50% of position size) and 5100 (30% position size) If more flow will come I will keep about 20% of initial position for next resistances at 6500 and 8100.
NLong
by ArShevelev
Adam & Eve Bottom - Do we continue lower?For the first time we are starting to see some signs of sellers getting exhausted and bulls starting to add pressure. Some are calling for a possible "Adam & Eve Bottom" - but where is all the volume? The new money? adoption! With the small size and relative lack of liquidity in the BTC market - it can be easily manipulated by insider trading desks at exchanges, "whales", or supposed institutional players like Bakkt, CME, etc.. But what is the reality? Bitcoin can go to zero. Right now a vast majority of the coins, 11 of the 18 million in supply are being HODL'd hard and have not moved since 2014..
COINBASE:BTCUSDLong
by MSMiner
1
EURCAD Analysis for shorting opportunityAfter what felt like an eternity, price has finally formed the second shoulder completing what looks like an INVERTED DOUBLE HEAD and SHOULDER. Now price has reached the neckline and a major level of structure. One could ask themselves WHAT WOULD PRICE DO?.. break it right away? or take a short ride back down before trying one more time. With that shooting start its clear that the break wont happen now. So we will be taking a small short position is price tries to go back there and upon good price action short. Gud Luck.
Short
by KiBeCh29