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WhaleWatchersTrading
3 Th01 2018 20:50

Wyckoff Accumulation spotted in CPC! Giá lên

BITTREX:CPCBTC240

Mô tả

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Hi,
I think this bottom resembles a typical Wyckoff distribution. We should spring from the new accumulation range.

Terms:
PS = Preliminary Support

SC= Selling Climax

AR= Automatic Rally

ST = Second Test

I believe the lack of volatility we've seen over the past week is caused by large buyers accumulating their positions for the next pump.

We should be in Phase D or the price increase part of the cycle:)

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Well that's our first break from the accumulation!!!! Should be new highs in the next week

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We've pulled back to a bottom. Big buyers started at the dashed line. I believe this will be defended.
Trend AnalysisFractalEconomic Cycles
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gamekita97
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good call



mine
WhaleWatchersTrading
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@gamekita97, Thank you! Very nice!
RicRod
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Thank you. Any particular resource you would recommend for someone trying to learn to identify whale patterns?
WhaleWatchersTrading
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@RicRod, Search for ProwdClown on trading view he does great stuff on Wyckoff. Also try looking at volume it's tells the story. Also search for "God Wolong PDF" the first parts talk about the pump process.
RicRod
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@WhaleWatchersTrading, Will do, thank you, once again.
AlexTrade2
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@RicRod, you can also use Aroon 233 on 4-6h to determine accumulation periods and start/stop of bear/bull trends. For the latter Aroon 21 on a daily chart would make a better job.
AlexTrade2
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@RicRod, my Aroon indicator is signaling a massive accumulation period on the last bottom dip. Should pop up soon
javpadter
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what do you try to say with defended ?
WhaleWatchersTrading
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@javpadter, A level at which a large buyer purchases coins. They shouldn't let price get below these levels or they lose money.
javpadter
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@WhaleWatchersTrading, thanks !!!
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