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- 57 Results (2 Threads , 55 Replies )
- GreyPool replied May 6, 2023
Looking at the BTC weekly chart it is clear that for the last year BTC has been in an accumulation zone and the recent markup in March represents a breakout to the upside of this channel/zone. November's markdown, mostly fueled by negative crypto ...
- GreyPool replied Sep 28, 2022
I'm not so sure. Yesterday’s BTCUSDT spot volume on the Daily chart is the highest daily volume in BTC’s history. The only thing that comes close is the March 12th 2020 daily bar’s volume but yesterday eclipsed it. That 3/12/20 bar started a long ...
- GreyPool replied Sep 28, 2022
Yesterday’s BTCUSDT spot volume on the Daily chart is the highest daily volume in BTC’s history. It was a massive reversal downwards but the only thing that comes close is the March 12th 2020 daily bar’s volume and yesterday eclipsed it. That ...
- GreyPool replied Sep 19, 2022
Reversal on the 12hr chart at the bottom of the range and Open Interest just flipped, it is dropping as price is rising, before today it was the opposite, interesting behavior before the fed meeting Wednesday which suggests the market has priced in ...
- GreyPool replied Sep 9, 2022
This looks like a genuine absorption bar and not to be confused with stopping volume even though the bar is above average size and the volume is excessive - the bar closes on its highs and takes out multiple levels of resistance. The US dollar ...
- GreyPool replied Sep 8, 2022
The volume values shown are exactly the same as the default chart volume which is taken directly from Binance, it's also the 12hr chart, volume does not fluctuate as wildly as it does on the lower timeframes:
- GreyPool replied Sep 8, 2022
The drop on 9/6 is an absorption bar, which means there was no hidden buying, just selling by composite operators/smart money - which pretty much makes the bottom of that bar (18.8k) the top of a new range and strong resistance for the foreseeable ...
- GreyPool replied Sep 8, 2022
Yes, a rate hike that large isn't going to be completely priced in just because of the immediate impact it has on the traditional markets, everything is tied to interest rates so at least initially the market will react in a huge way and by then I ...
- GreyPool replied Sep 8, 2022
Oh it's going down more, especially after the Fed meeting in 2 weeks, before then we'll probably see some dips below 18k but a mostly sideways market.
- GreyPool replied Sep 7, 2022
17.6k will be tested and temporarily broken soon but the definitive break will most likely not occur until after the Fed meeting in a couple weeks. Until then there will probably be a range between 17.6k and 19k.
- GreyPool replied Sep 7, 2022
18100 would be a good exit point if you're looking for a safe short-term trade but if you're willing to wait a couple weeks until the Fed meeting then 16.5k.
- GreyPool replied Sep 6, 2022
And today it ultimately fell, and I'm sure the jobs report factored into the current price drop. A further rate hike may be the catalyst to definitely break 15k - I suspect 17k will be broken beforehand and soon.
- GreyPool replied Sep 6, 2022
As predicted there is the downside breakout in BTC 18k will likely not hold and since 17k is weaker support it is expected to be broken as well, then the major slide begins.
- GreyPool replied Aug 30, 2022
It is news but a effect of the Powell statement from last Friday. The slight upmove in BTC was just a small correction, an extending trap up move. I expect 18k to break and 17k to at least be tested.
- GreyPool replied Aug 30, 2022
Stock futures are sharply up and VIX futures down over -2% which means the traditional market is set to open high but price may not necessarily move much. This "effort vs result" mismatch is what we've seen for the last day in BTC. BTC price has ...
- GreyPool replied Aug 29, 2022
The minor correction of BTC during the US session today is either an effect of it being a UK holiday today or the market pricing in the Powell comments during Friday's move and over the weekend. My sentiment is that the market is still very weak and ...
- GreyPool replied Aug 29, 2022
The massive reversal on 8/26 effectively sets the to for CTK at 0.940. It will follow the rest of the market down from here but what is remarkable is that price has hovered and stayed mostly sideways in the last couple days. A break of 0.75 would ...
- Trading BTC using Wyckoff and VSA Principles
We welcome feedback This is very good place to go short. The stark language from Powell last Friday ...
- GreyPool replied Jan 25, 2021
The re-accumulation that has occurred in the past 4 days in BTC appears to be fully developed and an upward breakout is in progress If upward momentum continues the next major resistance area is approx. 37k; there appears to be a clear path from the ...
- GreyPool replied Jan 8, 2021
The green line is the prediction from a few days ago and the green shaded area shows the chart of what actually happened The Wyckoff method really does work