Just explaining my trading process, the anotomy of how an AR trade was planned out
Looking to long AVAX but it appears to be at a nice area to see a pullback concept is to see a bit larger of a pullback just because this move up has been big.
Theta weekly bias up local zone concept lookg to take theta to mucher higher prices but local timeframe concept
This pattern has been golden the whole way why doubt it now. We should be bouncing soon and seeing better ATHs. Timeframe is the only question but we should see a good short squeeze, followed into a distribution and large dump, but we can't jump ahead to far when the pump potential is right here.
Looks like bionano could see some explosive growth soon due to a strong accumulation pattern
My thoughts are that this could be a UTAD. The purpose of a UTAD in Wyckoff is to gain massive public following for one final big distribution (dump). Experimenting with some Curves and trendlines from past ATHs too to support potential price targets. Right now we still have about 5-10 billion in shorts in the market. The open interest is very high at about 25...
This is a possible pattern developing here. Invalidation of this pattern would be below 56000 as that would break the demand zone
They repeat the same patterns over and over and just change the scale/timeframes a bit. The concept is that this entire price movement is a complete mirror of the prior price movement just happened much faster and moved price less.
While overall I believe the play is short, it's possible that we simply don't trend, we range for a while, then resume trend. The options are we just drop here after rejection from the 0.683 fib, or we take our LTF HH/HL secenario a bit higher to test some higher imbalances, then drop, or simply keep going up. One zone at a time, treating this as a possible range...
Just updating this to match current price action. I believe we may be experiencing re-accumulation shakeout, they want shorts to pile up to crush them out.
Tesla looking weak right now, looking to take a short to under the double bottom where a lot of liquidity rests, red prices are my entry zone
I believe we are undergoing some reacummulation for a sharp move to 56k
I'm not super confident in this idea at this moment, however I feel like we had a critical break of structure on the daily timeframe & 48k as this was the swing low that forming a new high. I believe this signifies we could be ready for a larger pullback. This is likely to be a sizeable move down. No break has occurred on the weekly of course but the issue with...
Eth broke structure, forming a lower low and lower high. The bias is short for the time being. However since BTC is looking bullish macro, looking for a short term pullback, ETH could hold in some of the demand zones forming a HL, then continuation to the upside. Overall though eth on it's own has a bearish structure and the bias would be to short.
BTC is holding a bullish structure, making new highs. We could be looking for a short term pullback as the move to the upside is looking a bit exhausted now. The bias is to buy a dip in a demand zone with continuation to 50+k targets. One key thing though is volume is not looking fantastic, funding rate is going up, be careful for a trap.
DOT is looking really strong with it's setup, if BTC treks forward, dot will explode up. Imbalances (large candles) aka vector candles will retrace to the upside swiftly with a positive market outlook.
LINK broke structure, got a lower high and looks like it needs a larger dip to recover some liquidity. Depending how BTC behaves exactly $22~ link could be a good pick up zone, however if BTC dumps around 50k, be cautious.
They use these areas to trick people that BTC is 'bleeding out' 'lost momentum' but the trick is we never broke structure, low volume bleed outs = bullish movement is coming to the market.