I usually don't trade retail patterns but I do like to take measured moves for additional confluence on my levels to see which ones will be most important. In this case, I could see this playing out like this, right up into the monthly FVG
Structurally, both of the circled highs are weak highs. Add the reverse 123 setup and Wyckoff for extra confluence - whether it's a re-accumulation or distribution doesn't matter, the next step is UT either way. Target the VAL and BC high for TP 1 and 2
Watch this re-accumulation, the spring should take out the SOW low and bounce back hard. A spring should be a fast manipulation move meant to take out all of the liquidity before moving back the other way. If it doesn't bounce back fast, it's invalidated! Keep an eye out for it and if you play your cards right, you get a fantastic entry for the next move
Another one where we nailed the exact bottom. February 23rd, 2024 @ 11:04 PM Now make sure you take profits on the way up!
Make sure you're taking partials the whole way up! Don't get greedy
Bitcoin Dominance hasn't even begun to drop yet and we've already seen coins like BCH pump 40% in 24 hours. Altcoin season is just getting started and we have a LONG way to go! (Get it, because LONG is the way to go!) We've been waiting 4 years for this!!!
This one is INSANE. EOS IS A SLEEPING GIANT! Need I say more?? Shitcoin season is here, lets go!!
It just doesn't get any better than this. We came up off that STB into the AR high, put in a lower high, re-accumulated into the LPS and took off upwards. We'll consolidate up here around the SOS high for a bit before we continue upwards from here
This is a perfect looking re-accumulation - expect some upside continuation out of BTC from here
I don't think I even need to label this - here's a picture instead to compare
I'm really hoping it doesn't play out this way, I would much prefer the accumulation and the bullish scenario, I think we all would. The thing that concerns me though is that the measured move from the high we just put in perfectly lines up with the bullish weekly OB and the monthly FVG, so stay on guard here and be careful
Nice Local Accumulation going on here, likely target is the high at $102.59
Here's what I'm seeing on SOL right now for the bullish case $167.67 Weekly FVG lines up with the 1.618 from Waves 1 + 3 and happens to land right on a very macro fib time
This is the other scenario I'm watching today over the next few hours - this could turn into a re-distribution. Obviously I would prefer if it went ahead with the accumulation but we may need to come down lower before we see a real spring
Looks to me like we're setting up the beginning stages of a distribution, or a re-accumulation. Here's the next couple steps. I'll update once we see how they shake out and let you know where I think it's headed next
This is the potential bearish scenario getting ready to play out on Solana. In the stated case, February 18th would bring a spring on a larger re-accumulation
or... We continue up into this daily supply for the SOS on this larger accumulation
Now there's 2 possibilies I see from here. We either SFP this local SOS high and re-distribute, or.... (See related)