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Victor Camargo Crypto
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Contenido educativo, me especializo en analisis técnico destacando principalmente elliott y whyckoff.
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#Solana breaks records: Enter or wait?Solana reveals a clear bullish structure. Currently, we observe the complete formation of waves 1 and 2, while wave 3 of the microcycle is in full development, projecting towards key levels. Wave 3 is consolidating above 200 USD, confirming the breakout of the historical resistance recorded in 2021. This level, previously considered a critical selling point, now acts as support, validating the trend change and generating optimism among investors.

#Solana breaks records: Enter or wait?

Solana reveals a clear bullish structure. Currently, we observe the complete formation of waves 1 and 2, while wave 3 of the microcycle is in full development, projecting towards key levels.

Wave 3 is consolidating above 200 USD, confirming the breakout of the historical resistance recorded in 2021. This level, previously considered a critical selling point, now acts as support, validating the trend change and generating optimism among investors.
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#magic On the recent MAGIC/USDT chart, we have observed the formation of an HCHI. This pattern consists of three essential parts: two valleys (shoulders) on the sides and a lower valley (head) in the middle. The distinctive thing about the HCHI is that it signals a change in trend or bullish continuation. Key Analysis Points: Current Opening Price: The current opening price for MAGIC/USDT is at 1.26 USD. HCHI Projection: According to technical analysis, the HCHI in the MAGIC/USDT quote has a bullish projection of 30.97%. This implies a possible significant upward move. Factors to Consider: Trading Volume: It is crucial to observe the trading volume to confirm the validity of the pattern. A substantial increase in volume during the breakout of the HCHI neck supports the strength of the signal. Pattern Confirmation: Traders usually wait for confirmation before making decisions. In this case, confirmation would come with an upward breakout of the HCHI neck level.
#magic
On the recent MAGIC/USDT chart, we have observed the formation of an HCHI. This pattern consists of three essential parts: two valleys (shoulders) on the sides and a lower valley (head) in the middle. The distinctive thing about the HCHI is that it signals a change in trend or bullish continuation.

Key Analysis Points:

Current Opening Price: The current opening price for MAGIC/USDT is at 1.26 USD.

HCHI Projection: According to technical analysis, the HCHI in the MAGIC/USDT quote has a bullish projection of 30.97%. This implies a possible significant upward move.

Factors to Consider:

Trading Volume: It is crucial to observe the trading volume to confirm the validity of the pattern. A substantial increase in volume during the breakout of the HCHI neck supports the strength of the signal.

Pattern Confirmation: Traders usually wait for confirmation before making decisions. In this case, confirmation would come with an upward breakout of the HCHI neck level.
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Solana Investment Strategy Maintaining a Winning PositionSince May 2022, when #Solana was at $9, I have closely followed the development of this cryptocurrency and applied an investment strategy that has proven effective throughout this exciting journey. Now, with $SOL surpassing $50, it's time to share how I plan to approach this new phase and my long-term prospects. My approach is to maintain a part of my position even after reaching a goal. This strategy is based on confidence in Solana's potential and an understanding of the inherent volatility of the cryptocurrency market. Upon reaching $50, I do not plan to close 100% of my position. Instead, I will take partial profits and reinvest a portion in a possible correction using Fibonacci levels.

Solana Investment Strategy Maintaining a Winning Position

Since May 2022, when #Solana was at $9, I have closely followed the development of this cryptocurrency and applied an investment strategy that has proven effective throughout this exciting journey. Now, with $SOL surpassing $50, it's time to share how I plan to approach this new phase and my long-term prospects.

My approach is to maintain a part of my position even after reaching a goal. This strategy is based on confidence in Solana's potential and an understanding of the inherent volatility of the cryptocurrency market. Upon reaching $50, I do not plan to close 100% of my position. Instead, I will take partial profits and reinvest a portion in a possible correction using Fibonacci levels.
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In recent weeks, Bitcoin has offered rapid growth to $35,000. This rise has captured the attention of the crypto community and opened a debate about the next step for the leading cryptocurrency. Despite the impressive rally, the resistance at $35,000 has proven its strength, suggesting that Bitcoin could be on its way towards $30,000. As predicted in [análisis anterior](https://www.binance.com/es/feed/post/1296711), Bitcoin found a solid foothold around $25,000, coinciding with Wyckoff Phase D of accumulation. This dynamic support was based on the 50-week moving average and the structural resistance line formed by the bullish rally of Phase A of the accumulation. Bitcoin's accelerated growth towards $35,000 reflects optimism and renewed interest in the cryptocurrency. However, resistance at this mark has proven to be remarkably strong, indicating that breaking this level may require additional effort on the part of buyers. Given the evident resistance at $35,000, it is reasonable to consider that Bitcoin could consolidate in the short term, with a possible correction taking it towards $30,000. This level has been historically significant and could act as a key support point. Note: This article provides an updated perspective and does not constitute financial advice. Always consult a financial professional before making investment decisions For a more detailed analysis, interested parties are invited to join the channel remember to subscribe if the article has provided you with clarity and perspective, I invite you to consider a small tip as a gesture of appreciation.
In recent weeks, Bitcoin has offered rapid growth to $35,000. This rise has captured the attention of the crypto community and opened a debate about the next step for the leading cryptocurrency. Despite the impressive rally, the resistance at $35,000 has proven its strength, suggesting that Bitcoin could be on its way towards $30,000.

As predicted in análisis anterior, Bitcoin found a solid foothold around $25,000, coinciding with Wyckoff Phase D of accumulation. This dynamic support was based on the 50-week moving average and the structural resistance line formed by the bullish rally of Phase A of the accumulation.

Bitcoin's accelerated growth towards $35,000 reflects optimism and renewed interest in the cryptocurrency. However, resistance at this mark has proven to be remarkably strong, indicating that breaking this level may require additional effort on the part of buyers.

Given the evident resistance at $35,000, it is reasonable to consider that Bitcoin could consolidate in the short term, with a possible correction taking it towards $30,000. This level has been historically significant and could act as a key support point.

Note: This article provides an updated perspective and does not constitute financial advice. Always consult a financial professional before making investment decisions For a more detailed analysis, interested parties are invited to join the channel remember to subscribe if the article has provided you with clarity and perspective, I invite you to consider a small tip as a gesture of appreciation.
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ChainLink Next Cryptocurrency to Make 100X - Good News for Investors - Part 2.In [artículo anterior,](https://www.binance.com/es/feed/post/1467068) we established the foundations to understand why Chainlink #LINK is on the threshold of a period of bullish growth, after having completed the accumulation phase according to Wyckoff theory. Now, we will delve into a more detailed analysis supported by the Elliot Wave Theory, with the aim of projecting how far this cryptocurrency could go and how investors can capitalize on these movements to maximize their profits.

ChainLink Next Cryptocurrency to Make 100X - Good News for Investors - Part 2.

In artículo anterior, we established the foundations to understand why Chainlink #LINK is on the threshold of a period of bullish growth, after having completed the accumulation phase according to Wyckoff theory. Now, we will delve into a more detailed analysis supported by the Elliot Wave Theory, with the aim of projecting how far this cryptocurrency could go and how investors can capitalize on these movements to maximize their profits.
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Dear community, Today we celebrate an important milestone: there are now 1000 of us on this exciting journey! Each of you has contributed significantly to this growth and success. Your support, feedback and dedication have been a constant source of inspiration for us. Together, we are building a community passionate and committed to crypto learning. We hope to continue providing valuable content and enriching experiences in the future. Thank you for being part of this journey. We are excited for what is to come! With gratitude, Victor Camargo
Dear community,

Today we celebrate an important milestone: there are now 1000 of us on this exciting journey! Each of you has contributed significantly to this growth and success.
Your support, feedback and dedication have been a constant source of inspiration for us. Together, we are building a community passionate and committed to crypto learning.

We hope to continue providing valuable content and enriching experiences in the future. Thank you for being part of this journey. We are excited for what is to come!
With gratitude,

Victor Camargo
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Link Next Cryptocurrency to Make 100X - Good News for Investors.While many cryptocurrencies are in an accumulation phase according to Wyckoff theory, $LINK appears to have completed this stage and is beginning a period of bullish growth. In this article, we will dive into a deep technical analysis backed by Elliot Wave Theory to understand why this cryptocurrency is destined to experience exponential rise. We will unravel not only how far it could go, but also how investors can capitalize on these moves to maximize their profits.

Link Next Cryptocurrency to Make 100X - Good News for Investors.

While many cryptocurrencies are in an accumulation phase according to Wyckoff theory, $LINK appears to have completed this stage and is beginning a period of bullish growth. In this article, we will dive into a deep technical analysis backed by Elliot Wave Theory to understand why this cryptocurrency is destined to experience exponential rise. We will unravel not only how far it could go, but also how investors can capitalize on these moves to maximize their profits.
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The Potential of Cardano, a Strong Movement in the Crypto Market #adaCardano, compared to other leading cryptocurrencies such as Bitcoin and Ethereum, has been a relative laggard in terms of recent performance. However, this situation could present a unique opportunity for visionary investors. Looking at the technical indicators, it is evident that Cardano $ADA is currently in an oversold phase. This indicates that the asset could be undervalued relative to its future potential. Indicators also suggest that the cryptocurrency is consolidating at a crucial support level above the 20 and 50 period exponential moving averages.

The Potential of Cardano, a Strong Movement in the Crypto Market #ada

Cardano, compared to other leading cryptocurrencies such as Bitcoin and Ethereum, has been a relative laggard in terms of recent performance. However, this situation could present a unique opportunity for visionary investors.
Looking at the technical indicators, it is evident that Cardano $ADA is currently in an oversold phase. This indicates that the asset could be undervalued relative to its future potential. Indicators also suggest that the cryptocurrency is consolidating at a crucial support level above the 20 and 50 period exponential moving averages.
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There is a bullish trap in $BTC A bull trap, also known as a "bull trap" in English, is a misleading situation in financial markets in which it appears that an asset is experiencing a significant upward movement, leading investors to believe that the price will continue to rise. However, this bullish move is temporary and then reverses, trapping investors who had bought at the wrong time. The bull trap can be dangerous for investors as it can raise false expectations and lead to harmful financial decisions. It occurs when there is a brief rise in the price of an asset, often associated with a series of technical indicators that suggest an imminent bull market. This can attract investors who believe they are taking advantage of a lucrative investment opportunity. However, after this brief rise, the price can quickly reverse and fall, leaving investors who bought at the peak of the bullish movement in an unfavorable position. This can occur for a variety of reasons, such as temporary overbought, unexpected negative news, or simply a lack of solid fundamentals supporting rising prices. Importantly, bull traps are common phenomena in financial markets, and investors should be aware of the possibility of them occurring. To avoid falling into a bullish trap, it is crucial to conduct a thorough analysis of the asset in question, consider the underlying fundamentals and not be carried away solely by emotion or the current market trend. Additionally, setting stop losses and having a clear exit strategy can help protect investors in the event of an unexpected reversal in price.
There is a bullish trap in $BTC
A bull trap, also known as a "bull trap" in English, is a misleading situation in financial markets in which it appears that an asset is experiencing a significant upward movement, leading investors to believe that the price will continue to rise. However, this bullish move is temporary and then reverses, trapping investors who had bought at the wrong time.
The bull trap can be dangerous for investors as it can raise false expectations and lead to harmful financial decisions. It occurs when there is a brief rise in the price of an asset, often associated with a series of technical indicators that suggest an imminent bull market. This can attract investors who believe they are taking advantage of a lucrative investment opportunity.
However, after this brief rise, the price can quickly reverse and fall, leaving investors who bought at the peak of the bullish movement in an unfavorable position. This can occur for a variety of reasons, such as temporary overbought, unexpected negative news, or simply a lack of solid fundamentals supporting rising prices.
Importantly, bull traps are common phenomena in financial markets, and investors should be aware of the possibility of them occurring. To avoid falling into a bullish trap, it is crucial to conduct a thorough analysis of the asset in question, consider the underlying fundamentals and not be carried away solely by emotion or the current market trend. Additionally, setting stop losses and having a clear exit strategy can help protect investors in the event of an unexpected reversal in price.
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The Leap in Back-Up (BU) Confirms Our ExpectationsThe recent evolution in the price of Bitcoin has validated our projections according to the Wyckoff methodology. The leading cryptocurrency has experienced a notable jump in Back-Up (BU), confirming expectations of a significant advance in its value. In this analysis, we will examine the recent development and what this could indicate for the future of Bitcoin. As we anticipated, Bitcoin has made the long-awaited leap in Back-Up (BU), catapulting from 27,000 to an impressive 30,700 in just the first two days of this week. This move demonstrates the underlying strength of the cryptocurrency.

The Leap in Back-Up (BU) Confirms Our Expectations

The recent evolution in the price of Bitcoin has validated our projections according to the Wyckoff methodology. The leading cryptocurrency has experienced a notable jump in Back-Up (BU), confirming expectations of a significant advance in its value. In this analysis, we will examine the recent development and what this could indicate for the future of Bitcoin.

As we anticipated, Bitcoin has made the long-awaited leap in Back-Up (BU), catapulting from 27,000 to an impressive 30,700 in just the first two days of this week. This move demonstrates the underlying strength of the cryptocurrency.
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Solana: Technical Analysis Last ReboundIn our previous analysis [Analisis Técnico Solana - fibonacci y wyckoff](https://www.binance.com/es/feed/post/1311590), we highlighted the Wyckoff Method as a valuable tool for anticipating changes in financial asset prices. We identified an accumulation process in Solana that began in May 2022. Additionally, we noted a notable move on June 5 that took Solana from $13 to $33, indicating a shortage in supply. In the last few hours, $SOL approached the suggested buying price of 20.3, experiencing a bounce at the 20.9 level before reaching 22.34. This last level coincides with the 0.38 Fibonacci level, which provides a new perspective for our strategies.

Solana: Technical Analysis Last Rebound

In our previous analysis Analisis Técnico Solana - fibonacci y wyckoff, we highlighted the Wyckoff Method as a valuable tool for anticipating changes in financial asset prices. We identified an accumulation process in Solana that began in May 2022. Additionally, we noted a notable move on June 5 that took Solana from $13 to $33, indicating a shortage in supply.
In the last few hours, $SOL approached the suggested buying price of 20.3, experiencing a bounce at the 20.9 level before reaching 22.34. This last level coincides with the 0.38 Fibonacci level, which provides a new perspective for our strategies.
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Solana Technical Analysis - fibonacci and wyckoffEl Método Wyckoff se ha consolidado como una herramienta invaluable para anticipar cambios significativos en los precios de los activos financieros. Específicamente, en el caso de #solana, hemos identificado un proceso de acumulación que se inició en mayo de 2022. Esto nos ha brindado la oportunidad de aprovechar cada una de las etapas de este ciclo. Actualmente, nos encontramos inmersos en la fase D de la acumulación, una señal alentadora que sugiere la inminencia de una tendencia alcista.

Solana Technical Analysis - fibonacci and wyckoff

El Método Wyckoff se ha consolidado como una herramienta invaluable para anticipar cambios significativos en los precios de los activos financieros. Específicamente, en el caso de #solana, hemos identificado un proceso de acumulación que se inició en mayo de 2022. Esto nos ha brindado la oportunidad de aprovechar cada una de las etapas de este ciclo. Actualmente, nos encontramos inmersos en la fase D de la acumulación, una señal alentadora que sugiere la inminencia de una tendencia alcista.
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Integration of ChatGpt In Coinmarketcap a competitive advantage in analysis. CoinMarketCap, the world's leading cryptocurrency data aggregation platform owned by Binance, has surprised the market by announcing its partnership with ChatGPT's powerful large-scale language model (LLM), developed by OpenAI. This integration offers users the ability to query directly to the LLM model, allowing them to get detailed answers on a wide range of cryptocurrency-related questions. What does this Integration mean for investors? This new functionality unlocks a whole new dimension in cryptocurrency analysis. Users who have a ChatGPT Plus subscription now have access to a tool that allows them to ask specific questions about correlations, variations in token distribution models, and other fundamental aspects of the crypto market. What makes this integration even more impressive is the ability to get real-time updates directly from CoinMarketCap. This provides investors with a significant advantage in making informed and timely decisions in such a dynamic and volatile market. Accessibility is a crucial component for any analytics tool, and this integration does not disappoint. Users can take advantage of this feature on both their desktop computers and mobile devices, meaning critical information is always at their fingertips, regardless of where they are. A Glimpse into the Future of Cryptographic Analytics This strategic alliance between CoinMarketCap and ChatGPT is not only a testament to the power of AI technology, but also a glimpse into the future of crypto analytics. As the adoption of cutting-edge technologies continues to transform the way we approach the cryptocurrency market, this integration stands as a precursor of what is to come.
Integration of ChatGpt In Coinmarketcap a competitive advantage in analysis.
CoinMarketCap, the world's leading cryptocurrency data aggregation platform owned by Binance, has surprised the market by announcing its partnership with ChatGPT's powerful large-scale language model (LLM), developed by OpenAI. This integration offers users the ability to query directly to the LLM model, allowing them to get detailed answers on a wide range of cryptocurrency-related questions.
What does this Integration mean for investors?
This new functionality unlocks a whole new dimension in cryptocurrency analysis. Users who have a ChatGPT Plus subscription now have access to a tool that allows them to ask specific questions about correlations, variations in token distribution models, and other fundamental aspects of the crypto market.
What makes this integration even more impressive is the ability to get real-time updates directly from CoinMarketCap. This provides investors with a significant advantage in making informed and timely decisions in such a dynamic and volatile market.
Accessibility is a crucial component for any analytics tool, and this integration does not disappoint. Users can take advantage of this feature on both their desktop computers and mobile devices, meaning critical information is always at their fingertips, regardless of where they are.
A Glimpse into the Future of Cryptographic Analytics
This strategic alliance between CoinMarketCap and ChatGPT is not only a testament to the power of AI technology, but also a glimpse into the future of crypto analytics. As the adoption of cutting-edge technologies continues to transform the way we approach the cryptocurrency market, this integration stands as a precursor of what is to come.
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Bitcoin Analysis: Wyckoff Accumulation Phase D and Future Outlook$BTC In the world of technical market analysis, Wyckoff's methodology is an invaluable tool for understanding and anticipating price movements. In the case of Bitcoin, we are currently in phase D of the Wyckoff accumulation, a crucial moment that will define the direction of the asset in the coming months. Wyckoff Accumulation Phase D: Preparing for the Jump In this Phase, Bitcoin is looking for the Back-Up (BU) of the Last Point of Support (LPS). The LPS represents a low after a Signal of Strength (SOS), a price advance with wide ranges and relatively higher volume. This LPS implies a retracement to support that was previously resistance, in a smaller price and volume range. During this bullish phase, some analysts may interpret the graph as chartism, such as the bullish pennant or wedge. It is expected that this pattern will complete and break when it has reached 80% of its formation, which is why we estimate that it will happen at the end. December 2023. $25,000: A Solid Foothold Our analysis gives us high confidence that BU/LPS will present around the $25,000 level. This certainty is based on the dynamic support provided by the 50-week moving average and the structural resistance line formed by the Phase A bullish rally of the accumulation. Note: This article is for informational purposes only and does not constitute financial advice. It is recommended that you seek the advice of a financial professional before making investment decisions. I'll wait for you on my yt channel for the detailed analysis. DON'T FORGET TO SUBSCRIBE.
Bitcoin Analysis: Wyckoff Accumulation Phase D and Future Outlook$BTC
In the world of technical market analysis, Wyckoff's methodology is an invaluable tool for understanding and anticipating price movements. In the case of Bitcoin, we are currently in phase D of the Wyckoff accumulation, a crucial moment that will define the direction of the asset in the coming months.
Wyckoff Accumulation Phase D: Preparing for the Jump
In this Phase, Bitcoin is looking for the Back-Up (BU) of the Last Point of Support (LPS). The LPS represents a low after a Signal of Strength (SOS), a price advance with wide ranges and relatively higher volume. This LPS implies a retracement to support that was previously resistance, in a smaller price and volume range.
During this bullish phase, some analysts may interpret the graph as chartism, such as the bullish pennant or wedge. It is expected that this pattern will complete and break when it has reached 80% of its formation, which is why we estimate that it will happen at the end. December 2023.
$25,000: A Solid Foothold
Our analysis gives us high confidence that BU/LPS will present around the $25,000 level. This certainty is based on the dynamic support provided by the 50-week moving average and the structural resistance line formed by the Phase A bullish rally of the accumulation.
Note: This article is for informational purposes only and does not constitute financial advice. It is recommended that you seek the advice of a financial professional before making investment decisions. I'll wait for you on my yt channel for the detailed analysis. DON'T FORGET TO SUBSCRIBE.
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BTC USDT analysis updateOn March 1, I shared my analysis of the possible scenarios that BTC holds. I told them that if BTC lost 42,648, we could start with a stronger correction, a scenario that is cancelled. I also stated that if it managed to stay above 47,621, it would be the same. It was more likely that it would reach a target of 52,203, which was achieved the next day and which would later seek to correct the 49,000 where we are currently. I recommended that those of us who were out of the market would do better to wait. Today I decided to end the wait. reasons:1. Currently, BTC has support on the daily EMA 20. Those who know my way of operating know that I always seek to enter above the EMA 20 as long as a lower temporality confirms me with a green candle higher than the previous red one "price action" condition that has occurred. compliment; In addition to this, in the breaks of the daily EMA the price has recovered and has managed to close on it.2. We are witnessing the beginning of the fifth Elliot impulse wave which in my opinion would reach a maximum of 67,450 and would possibly be the end of the bull market. After this point I consider it possible to short to approximate levels of 28,000 based on the wave correction theory. elliot.3. I also take into account that bitcoin is at the bottom of a bullish range which increases my confidence in a long position. My stop loss: 48,000
BTC USDT analysis updateOn March 1, I shared my analysis of the possible scenarios that BTC holds. I told them that if BTC lost 42,648, we could start with a stronger correction, a scenario that is cancelled. I also stated that if it managed to stay above 47,621, it would be the same. It was more likely that it would reach a target of 52,203, which was achieved the next day and which would later seek to correct the 49,000 where we are currently. I recommended that those of us who were out of the market would do better to wait. Today I decided to end the wait. reasons:1. Currently, BTC has support on the daily EMA 20. Those who know my way of operating know that I always seek to enter above the EMA 20 as long as a lower temporality confirms me with a green candle higher than the previous red one "price action" condition that has occurred. compliment; In addition to this, in the breaks of the daily EMA the price has recovered and has managed to close on it.2. We are witnessing the beginning of the fifth Elliot impulse wave which in my opinion would reach a maximum of 67,450 and would possibly be the end of the bull market. After this point I consider it possible to short to approximate levels of 28,000 based on the wave correction theory. elliot.3. I also take into account that bitcoin is at the bottom of a bullish range which increases my confidence in a long position. My stop loss: 48,000
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Eth correction to 2370 SHORT Last March I shared my analysis of Ethereum where we could go looking for 4000 USD today we reached the previous ath again within the next few hours you should be performing a Fibonacci correction to 2370 Update idea
Eth correction to 2370
SHORT
Last March I shared my analysis of Ethereum where we could go looking for 4000 USD today we reached the previous ath again within the next few hours you should be performing a Fibonacci correction to 2370
Update idea
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The time has come to make the best purchase of the year. At this moment it is suffering from the phase C correction of Wyckoff accumulation, technically known as SPRING. The spring is characterized by making a break of its previous support point which happened at the beginning. of 2022 when we ended the ABC Elliot waves, that is, the point where the market began to lateralize. This movement is generated because the "composite men" have managed to monopolize the market and generate a small panic market to see what they manage to grab before the imminent bullish phase that is generated since they have the largest amount of supply and do not sell. I am going to give you the prices that in my opinion the rebounds will occur, which is based on a Fibonacci point analysis, additionally the next historical maximum that It will be presented in 1 year, save this and check my previous contributions.1 15,000. ATH 150.0002 20. ATH 7303 0.3 ATH 104 GALA. 0.25. ATH 505 ETHEREUM 900 ATH 8000
The time has come to make the best purchase of the year. At this moment it is suffering from the phase C correction of Wyckoff accumulation, technically known as SPRING. The spring is characterized by making a break of its previous support point which happened at the beginning. of 2022 when we ended the ABC Elliot waves, that is, the point where the market began to lateralize. This movement is generated because the "composite men" have managed to monopolize the market and generate a small panic market to see what they manage to grab before the imminent bullish phase that is generated since they have the largest amount of supply and do not sell. I am going to give you the prices that in my opinion the rebounds will occur, which is based on a Fibonacci point analysis, additionally the next historical maximum that It will be presented in 1 year, save this and check my previous contributions.1 15,000. ATH 150.0002 20. ATH 7303 0.3 ATH 104 GALA. 0.25. ATH 505 ETHEREUM 900 ATH 8000
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. It will not be trading above 34,000 in 2023, as I told you a few months ago, the asset would have support around 15,000 since the asset was structuring a wyckoff accumulation since June 2022 and approximately a month ago it had entered phase "C" of said accumulation. , which has been confirmed with this week's enveloping candle and the current volume since June 2022. In addition, we cannot forget that fibonnacci 0.23 which includes the entire price of the asset. Another interesting point that is providing support to BTC is the floor of the ascending channel that has been formed since approximately 2022. Many consider that this is the beginning of a new bullish rally and my intention is to warn you that this is not the case, we are still continuing in the wyckoff accumulation, there are still two phases left to finish it, remember that phase C It is what allows us to obtain the best price of an asset prior to an upward trend phase and although that best point has already been presented, there are still missing LPS "last support points" and SOS "Signs of strength" During 2022, many institutions have professional investors They made purchases of around 34,000 and they themselves have maintained their positions; BTC will continue in its bullish microphase until it reaches 30,000-34,000 at these levels. Institutions, seeing that investor interest is recovering again, will withdraw part of their investment to break even "breakeven point" and thus generate a correction again. the lower part of the bullish channel and do not forget that during the distribution that was presented in the previous ATH the floor was 30,000 which the bears will take advantage of as it is such an important resistance. In the ATH of 2017 we can see how after the Elliot ABC waves it was presented an accumulation phase similar to the current one "from November 2018 to April 2019" and when the wyckoff phase C ended, the asset went and witnessed the lower part of the distribution of said ATH "approximately 11,000", in that period we can see as again the asset corrected and achieved support on the lower part of the bullish channel
. It will not be trading above 34,000 in 2023, as I told you a few months ago, the asset would have support around 15,000 since the asset was structuring a wyckoff accumulation since June 2022 and approximately a month ago it had entered phase "C" of said accumulation. , which has been confirmed with this week's enveloping candle and the current volume since June 2022. In addition, we cannot forget that fibonnacci 0.23 which includes the entire price of the asset. Another interesting point that is providing support to BTC is the floor of the ascending channel that has been formed since approximately 2022. Many consider that this is the beginning of a new bullish rally and my intention is to warn you that this is not the case, we are still continuing in the wyckoff accumulation, there are still two phases left to finish it, remember that phase C It is what allows us to obtain the best price of an asset prior to an upward trend phase and although that best point has already been presented, there are still missing LPS "last support points" and SOS "Signs of strength" During 2022, many institutions have professional investors They made purchases of around 34,000 and they themselves have maintained their positions; BTC will continue in its bullish microphase until it reaches 30,000-34,000 at these levels. Institutions, seeing that investor interest is recovering again, will withdraw part of their investment to break even "breakeven point" and thus generate a correction again. the lower part of the bullish channel and do not forget that during the distribution that was presented in the previous ATH the floor was 30,000 which the bears will take advantage of as it is such an important resistance. In the ATH of 2017 we can see how after the Elliot ABC waves it was presented an accumulation phase similar to the current one "from November 2018 to April 2019" and when the wyckoff phase C ended, the asset went and witnessed the lower part of the distribution of said ATH "approximately 11,000", in that period we can see as again the asset corrected and achieved support on the lower part of the bullish channel
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Annual Solana Technical Analysis. It should be noted that I have explained this analysis in detail on my YouTube channel Attached you will find two images, both referring to the weekly timing of the asset. The only thing that changes is the structure of the Elliott waves, which is crucial to understanding the analysis. ANNUAL ANALYSIS: After the ATH in the first week of November 2021, we were prepared for a correction of over 70%. This was based on the completion of Elliott Waves 12345 as indicators were showing weakness in bullish strength and a distribution was anticipated. At that time, we project the bearish phase, structured by the formation of Elliott's ABC correction waves. At that time, we expected the bottom of the correction and the start of the new accumulation to be around $69, a support that we later adjusted to $9 when we identified the lack of liquidity in that area. In June 2022, we end ABC Elliott Waves and start accumulation between 25 and 50 USD. We were waiting with expectations for the break of the 25 support, since we knew that it would be the beginning of the C or Spring phase, the point at which we obtained the best price of the asset before a new bullish phase. Do not forget that Wyckoff's accumulation phases are composed of five stages called ABCDE. Currently, we have entered phase D, which is characterized by generating a "Last Point Support" (LPS), confirming that what were previously resistances will now serve as support. Additionally, we observe signs of strength (SOS) that can be identified thanks to the increase in volatility and volume. Surely you will wonder what level Solana will reach in this new bullish phase that is about to begin. If we look at the structure of the asset, we can see that we are about to start an Elliott wave 3, which historically has been characterized as a wave of greater growth than wave 1.
Annual Solana Technical Analysis.
It should be noted that I have explained this analysis in detail on my YouTube channel
Attached you will find two images, both referring to the weekly timing of the asset. The only thing that changes is the structure of the Elliott waves, which is crucial to understanding the analysis.
ANNUAL ANALYSIS: After the ATH in the first week of November 2021, we were prepared for a correction of over 70%. This was based on the completion of Elliott Waves 12345 as indicators were showing weakness in bullish strength and a distribution was anticipated. At that time, we project the bearish phase, structured by the formation of Elliott's ABC correction waves. At that time, we expected the bottom of the correction and the start of the new accumulation to be around $69, a support that we later adjusted to $9 when we identified the lack of liquidity in that area.
In June 2022, we end ABC Elliott Waves and start accumulation between 25 and 50 USD. We were waiting with expectations for the break of the 25 support, since we knew that it would be the beginning of the C or Spring phase, the point at which we obtained the best price of the asset before a new bullish phase. Do not forget that Wyckoff's accumulation phases are composed of five stages called ABCDE. Currently, we have entered phase D, which is characterized by generating a "Last Point Support" (LPS), confirming that what were previously resistances will now serve as support. Additionally, we observe signs of strength (SOS) that can be identified thanks to the increase in volatility and volume.
Surely you will wonder what level Solana will reach in this new bullish phase that is about to begin. If we look at the structure of the asset, we can see that we are about to start an Elliott wave 3, which historically has been characterized as a wave of greater growth than wave 1.
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$BTC The Awakening of Bitcoin - Analysis of the Completion of Phase #btc The Wyckoff accumulation phase is a key concept in the technical analysis of financial markets. This theory, developed by Richard Wyckoff, suggests that asset prices move through different stages, and accumulation is one of them. During this phase, more informed and experienced investors begin to accumulate assets at relatively low prices, while less experienced investors usually sell due to the prevailing bearish sentiment in the market. Recently, we have witnessed the end of the Wyckoff accumulation phase in the Bitcoin market. After a prolonged period of consolidation and moderate volatility, Bitcoin price has begun to show signs of a bullish breakout. This suggests that informed investors are taking bullish positions, which could mark the start of a new uptrend. The combination of the completion of the Wyckoff accumulation phase and the emergence of an Elliott wave pattern in Bitcoin has generated a renewed optimism among cryptocurrency investors and enthusiasts. These events suggest that the market is experiencing a change in sentiment, with greater confidence in Bitcoin and potential growth in its value. Remember when in 2021 we took advantage of the Elliot and Fibonnaci waves to determine the end of the trend phase
$BTC The Awakening of Bitcoin - Analysis of the Completion of Phase #btc
The Wyckoff accumulation phase is a key concept in the technical analysis of financial markets. This theory, developed by Richard Wyckoff, suggests that asset prices move through different stages, and accumulation is one of them. During this phase, more informed and experienced investors begin to accumulate assets at relatively low prices, while less experienced investors usually sell due to the prevailing bearish sentiment in the market. Recently, we have witnessed the end of the Wyckoff accumulation phase in the Bitcoin market. After a prolonged period of consolidation and moderate volatility, Bitcoin price has begun to show signs of a bullish breakout. This suggests that informed investors are taking bullish positions, which could mark the start of a new uptrend. The combination of the completion of the Wyckoff accumulation phase and the emergence of an Elliott wave pattern in Bitcoin has generated a renewed optimism among cryptocurrency investors and enthusiasts. These events suggest that the market is experiencing a change in sentiment, with greater confidence in Bitcoin and potential growth in its value. Remember when in 2021 we took advantage of the Elliot and Fibonnaci waves to determine the end of the trend phase
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