Volumespreadanalysis
Litecoin: Potential Wyckoff Distribution RangeHere's a schematic I drew out replete with some volume spread reads which seem to indicate LTC may be fixing to distribute. If we rally above TRR we must take caution to ensure we are not buying into a liquidity grab before the LPSY dump. If you chose to swing this, the lower retracement levels are ideal profit-taking/selling opportunities; for longer-term hodlers they can serve as reliable DCA junctures.
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I've been a fulltime crypto trader/investor since 2017, and I handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR & trade at your own risk.
BTC: Dreaming of a Red ChristmasBTC doesn't look healthy at all, from a bull perspective. For a bear though, it's looking robust and full of life! Watch out for the ascending wedge we are currently in. Exit liquidity looms around 17.5 to 18K USD. Do be careful if you're tempted to go long this holiday season; your Merry Christmas could turn into a Beary Crashmas literally overnight. Please remember to take profit or exit the trade if the PA breaks north from the wedge and enters the LV mitigation territory. You can thank me later.
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*Not financial advice. DYOR and trade at your own risk.
Ethereum: Wyckoff/VSA Ascending WedgeA bearish ascending wedge has emerged in ETH, reaching back up to the already-mitigated liquidity void hovering between 1300-1350K. Look for a decisive retracement in price if this void is touched again, as this is the sell order block MMs are dropping their supply at profit. The underlying Fibonacci retracement zones can either be used for shorts for bear investors, or DCA points for bulls.
If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how.
*Not financial advice. DYOR and trade at your own risk.
Dogecoin: Down, Doggie, DownDoge has been showing signs of weakness for some time now, evidenced by a recent break to the downside from a bear symmetrical. Above it looms three supply order blocks; beneath it is a freefall past the 1.272 Fibonacci all the way to the .058 area and throughout it all supply has been the dominant power. Be safe in these markets, be vigilant!
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Not financial advice. Always DYOR and trade at your own risk.
BTC Biopsy: Retracements Continue As consistent with the present trading range, supply still dominates. The last effort by demand volume was unable to re-take TSA (range support) from a 1.272% Fibonacci retracement bounce. This indicates the bears are in still in full control, with the next leg down estimated to reach the 12.5-13K zone. I will continue to monitor the volume spread analysis as this plays out, with a report on Ethereum's price action to follow. Until then, and as always, please trade safely and make the most of these fire sale opportunities.
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with high win ratios (80-85% average). I trade fulltime and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR and trade at your own risk.
BTC Ascending Wedge BTC & ETH are both in rising wedge patterns, which coincides nicely with the VSA (volume spread) reads I've been getting for the last two weeks when analyzing them. As usual, rarely do we see a direct pullback or rally when these biases have been identified; that would be too easy. Instead count on BTC continuing to draw bull investors and pump riders into the game via micro-rallies, with the intention of trapping them within this geometric pattern when the supply floor suddenly gives way on the cusp of another so-called markup. Beware: the crypto ocean is teeming with sharks.
*Be sure to subscribe for more easy-to-follow charts with high win ratios (80-85% average) in hitting the Fibonacci profit zones. I've been trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts & see the wins for yourself.
**Not financial advice. Always DYOR and trade at your own risk.
Algorand: Liquidity Voids Hit & Failure to RallyALGO has been predictable with demand volume spiking systematically each time the PA bumps into the micro resistance. These spikes, however, have not been enough to flip the lines. We see that after the LVs are mitigated, down the PA goes, back into the channel to retest micro support and prepare for another attempt. I have no doubt the macro liquidity void (#3) will get hit: the only question is when. If things play out the way I think, I can see us going back down before that happens. ETH is in its own rising wedge, BTC doesn't look so hot either. Be careful, amigos.
*Be sure to subscribe for more easy-to-follow charts with high win ratios (80-85% average) in hitting the Fibonacci profit zones. I've been trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts & see the wins for yourself.
**Not financial advice. Always DYOR and trade at your own risk.
Bitcoin.... This might be a fake-out.... or not?Right now we see some major key price levels being broken. But looking at the weekly time frame we don't see that much volume... we are seeing on the Binance chart a volume of approximately 900k but when we see some big move the volume is around 1.5 to 2 million. We have way in this week so we might see some more volume kicking in but we don't see that much volume even when we have broken the major resistance line that is in place all the way back since 69k!
I have marked some next blocks were we could be going to next. The first block would be 24k and the second 30k. But firts we need to break 22.5k
Trade safe!