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#DYM/USDT
Dymension has formed a massive descending channel pattern, and at the bottom of this channel, a falling wedge pattern has been identifiedπ
After a breakout from the falling wedge, there is potential for $DYM to retest the $4.80 resistance, which represents the top of the descending channelπ¨βπ»
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π₯ETH weekly frame
- From this article, I will analyze more about ETH and some other Altcoins
πOk let's go!
- From the perspective of Impulse Wave, we see that the weekly ETH is correcting to area 4 and accumulating to create wave 5, expected to take place at the end of 2024 or early 2025.
- The trigger condition for this wave 5 is that bottom 4 cannot touch peak 1 around the price range of 2050-2100.
- Talking a little more about Volume, pay close attention to Volume when prices increase and prices decrease.
+ When price increases => Volume increases => That is a signal for an impulse wave
+When price decreases => Volume decreases => That is a signal of exhaustion for a recovery wave
Everything is working almost correctlyβ
Let's wait for the next developments of ETH at the end of 2024!
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π₯BTC Weekly update
- The current results show us that Imbalance is really important in an up or down wave.
- Look at the price of BTC reacted by Imbalance Daily frame...
BTC has been growing for 6 months and Imbalance most recently gave a corrective reaction to 9000 price.
In my opinion, BTC is still trading in the 60000-68000 range, however, with the rejection at the 56000 range and the very strong pullback this time, it is likely that we will have a Spring in the Wyckoff pattern at this level. price 56000 if it is not broken in the near future and continues to make new highs.
So how will we react now?π
- With the above plan, the price recovered more than expected at 65,000. This is a bad recovery for sellers because many people will place Stop loss in this area. In fact, the price has partially swept the stop loss at this price level and it seems to be starting to gradually decrease.
Thus, there is a high possibility that BTC will need to retest the area below at 60000-62000 before UP againβ¬οΈ
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#GAL/USDT has rebounded from the support zone, and for those who have already taken a long position, it is recommended to continue holding it with a tight stop-lossπ€
There is a potential for further upward movement towards the local resistance areaπ
The local resistance area is identified as $4.80-$4.90π¨βπ»
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πShow me active under the post above
More reactions = your interest in the signal
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Hi everyone, this is CWS I am testing a new signal, sharing a couple of profits with you from the tests. This is a new type of signal with minimal risk, just in this bull market it is relevant! Get your Bitcoins ready!
βΊI'm preparing a detailed video guide now!
Collect 800 "π₯" and I will publish the signal tomorrow!
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#COTI/USDT has broken out from a triangle patternπ§
This signals the start of a bullish price runπΊ
The breakout from the triangle pattern presents a potential buy setupπ¨βπ»
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#WLD/USDT
Starting to accumulate $WLD after it successfully breaks through the descending resistance of a falling wedge pattern π¨βπ»
The minimum upside target after the breakout is at least 20%π
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#LINK/USDT price pulled back towards a support level after a bearish move and now is bounced upwardπ§
Expect break out of the channelπ
Target resistance zone is 15.600π―
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π Update for BTC
- I rarely apply Wyckoff to crypto because most of it does not create perfect models, this time is the same, however most wave structures largely respect the models with a rate of more than 70%. works correctly (applies to Wyckoff) you can backtest yourself with the 2021 and 2023 Season Altcoins Waves
- Okay, I will present the current situation of BTC from this perspective
- Currently we are in Phase E, where buyers expect that today's candle will be a reversal candle and they will get the best entry point of this pattern (Spring Point)
- This is also where Sellers, when they see a break out of the box model I drew in orange, will initiate Short positions.
- The point here is, we have seen BTC grow continuously for 6 months from November 2023 to April 2024 (monthly candles)
Therefore, I think that BTC should stop for a moment, and the above model is the distribution model, BTC should have this adjustment rhythm to be able to continue to grow more sustainably.
- Also, did you realize that when BTC reached the 73000 area, there was a lot of good news like the ETF being approved and a series of other news, BTC had many days with very large volume and funds bought a lot, but the price again sideway?
- Why?
- Up to now, BTC has broken out of the box model with larger volume than previous days and showed a strong breakout out of the box. Combining the above factors, I think this is probably a Wyckoff Distribution model.
This is just a personal perspective, you can verify or criticize yourself below this article, all opinions and analyzes will be respected!
