ANALYZING DAILY

Welcome speculators, today I am launching a new section of my profile called "analyzing daily", where I will try to provide you with the best information about the possible movements of the assets using the Wyckoff method.

For today we have $XRP .

Currently, $XRP is lateralizing, forming a cause that is initially uncertain, as we can observe some compression in the price range.

On one hand, we can see how the price is unable to visit the area of the highs, near 3 dollars, which would indicate weakness in the bullish movement; however, we can also observe how each low in the price is presented in an increasing manner, which would contradict the bearish movement.

However, if we look at the volume, we can get a better idea of the possible outcome of the cause.

In the volume, we can observe a progressive reduction of it, which is typical of a reaccumulation.

Therefore, if we think about positioning ourselves bullishly on a daily basis, we should be considering positioning ourselves in a possible shakeout at 1.89. This shakeout must be accompanied by an increase in volume indicating buyer interest, which will be the result of manipulation by the institutions.

For my part, I believe this is the most likely scenario considering the current development of the structure.

However, we must be very careful, because if we do not exit the area of 1.89 without a strong recovery, we could be talking about the price falling to near 1 dollar in the worst-case scenario.

What do you think will happen with $XRP ?

Leave your opinion in the comments, and if you like my analysis, give it a thumbs up and follow.

Yesterday $CFX finally visited the 0.18 area and began a drop with a lot of momentum.

All of this due to the final behavior of $BTC , which seemed to be positioning itself in a favorable area to visit the 108k, but ultimately ended with a significant price drop.

I hope you were able to take advantage of the test at 0.18 that I had previously mentioned.

Happy day for those well positioned.

UPDATE $BTC

After the break below the structure's lows, the price of $BTC has developed a highly bullish movement, surpassing the limits of the maximum of the structure and positioning itself above it.

This could mean that the break at the lows could act as a potential shakeout, and from this point onward, continue with the bullish development of the structure, seeking a new high.

We could expect a correction to the upper area of the structure, between 100K, and propose a long scenario with a first TP at the historical maximum of 108k.

To confirm this movement, we would need to see a correction with decreasing volume.

In the event that the correction occurs with increasing volume, we could be facing a possible regression to the equilibrium zone, and we should take it as a clearly bearish sentiment.

$BTC is progressing as I had predicted in the previous capture.

We will have to keep an eye on the following days.

DYNAMIC MANAGEMENT AND FLEXIBILITY.

Next I will analyze the proposed trade at $NEAR that I made a few hours ago.

In the first screenshot I explain why I considered that the structure could have been a redistribution.

1. First of all we can see how the volume remains high throughout the entire formation of the structure making various peaks.

2. We can see an attack on the upper part trying to break the previous maximum but not achieving it. In my experience, there are very specific occasions where the UTAD does not manage to make a break at the maximums, but rather it remains at the limit for several candles and then falls due to exhaustion.

3. After the breakout attempt it performs a test and then falls until it reaches the POC OF one hour.

This is a key moment of the structure since, generally, it is where the price action is usually defined in favor or against the current movement.

The price makes a visit to the POC and a rejection can be observed accompanied by an increase in volume. At this point I considered taking profits and closing the trade, but decided to wait for a second attack on the POC.

Finally, I placed a volume profile to identify high volume nodes near the POC and placed my total TP on that position and went to sleep.

If I had been awake, I would have decided to turn tail and reverse my position, taking a long position right at the POC.

The most important thing is what the price does, however it is equally important what the price cannot do.

I hope my analysis has been useful for you to manage your operations and apply similar reasoning to mine.

Have a nice day.

$NEAR
Is anyone accompanying me on this journey?

In SAND at best you could be falling to 0.43. In case of visiting the POC, we would be talking about 0.24.

Sometimes it's better to accept the loss than to end up at 0.

SHOULD WE SAVE THIS CAPTURE?

$BTC could be performing a re-accumulation structure.

It is still too early to state it as a fact, but I believe it is a quite possible scenario of what could happen or the final outcome.

After all, it is the institutional operators who make dreams come true, we are just following in their footsteps.

We finally had a resolution of the trade proposed at Christmas on $BTC .

I share a screenshot on a 15-minute timeframe to appreciate the entire panorama. (first screenshot)

The context: the price had broken upward after a consolidation between 93K and 95K. I had proposed a possible long trade in case we saw a regression towards the upper part of the structure.

What happened: finally, the price established itself above the dynamic POC and began to build a new cause, which ultimately resulted in a distribution.

What clues did we have? (second screenshot)

1. First of all, the volume at the moment of starting the lateralization and the subsequent construction of the cause has remained high, generating spikes of volatility. That is usually a clear signal of a possible distribution.

2. During the construction of the structure, unusual spikes in volume can be identified, which increase as we approach the UTAD.

3. A breakout of the previous highs that ultimately served as UTAD and triggered the bearish descent of the structure.

In general, distributions tend to be very violent (which is why we have high volume during the fall) and they usually do not give an opportunity to enter since they do not perform a test.

In this particular case, after the UTAD, the price made a brief retracement that served as a point for me to establish my short position. I have already taken two profit takings TP1 at 97,200 at the limits of the structure and a TP2 at the ceiling of the previous structure at 95,450.

I still maintain part of the position that would ultimately close if the price visits 93,980.

I hope you have been attentive and benefited from this movement.

Best regards.

A CHRISTMAS MESSAGE

Yesterday, I was conducting a futures operation on $BTC in the 5-minute period.

After identifying a possible shake-up with a high increase in volume outside the equilibrium zone, I decided to propose my long entry.

Finally, after some small price reactions, my stop-loss was triggered. Following that, the price rose strongly to where we currently have it oscillating.

Once it got me out of the operation, I didn't even consider re-entering, despite having all the signs of accumulation in my favor.

Why didn't I re-enter?
When trading futures, it's easy to get carried away by impulses and try to take "revenge" by betting on a favorable movement; however, that is not healthy for your mind or your wallet, as most of the time, in seeking a profit you will end up losing more than before.

The moral of this is that we must trade while maintaining calm, as you will always have new opportunities to win.

For example, we could wait for a test at the point where I placed the second arrow, at the top of the distribution, and consider a long trade again.

Merry Christmas and much success in your trades.

Over the next few days $CFX could be testing the 0.18 area.
This could open up two paths for us:

1. The most likely scenario (according to my analysis, although in the end it all depends on what $BTC turns out to be) taking into account the high volatility and high volume throughout the structure, would be that it would test with decreasing volume in the 0.18 area and then drop and visit the limits of the structure at 0.10. After this, it could continue to fall until it visits 0.07 and, in the worst case, if it loses this area, the price would fall to 0.03.

2. If the test is carried out with increasing volume, we could be facing a simple correction taking into account the price setback of $BTC . This would be confirmed with an increase in volume until breaking the structure leaving the equilibrium zone to go to visit the maximum of the structure at 0.27, being able to extend the movement to 0.29 and 0.32. If this price volume zone is exceeded, we could be in the presence of a very rapid acceleration to go to visit previous highs.

If you found my analysis useful, don't forget to leave me a tip.

Until next time 😊.