Daniel | Pro Spot Trader
3yrs experience š On the path to masteryš
Writing my own legendš
no futuresš«
$1M goalšÆ
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ā As we expected earlier⦠Wyckoff confirms the model, and the critical phase has begun!
In my previous post, I shared an image illustrating the Wyckoff accumulation model on the OTHERS.D ā Total Market Cap (excluding Bitcoin and Ethereum), and I clearly indicated that we are moving within phases of smart accumulation.
š And today, the new picture confirms the analysis: we are officially inside Phase D of the model ā
š¹ Phase D: The price broke the resistance area after testing the "Spring," then re-tested it and reacted strongly. This behavior does not happen randomly. It is institutional behavior, and evidence that the market has changed its direction from accumulation to bullish.
š¹ Phase D: Here, the market begins to build a gradual upward trend, and demand areas start to appear. This phase is usually the beginning of the real ascent, where any correction is quickly absorbed, and the price begins to form higher highs and higher lows.
Now we await the occurrence of LPS (last point of support) where there will be a re-test of the resistance that was broken at 8.40%, then the trend will be to break the main resistance marked by the red line, where the markets will start to explode and the whales will exit while the herd enters, and everyone will cling to the peaks. Peace be upon you and God's mercy.
š The analysis is not for boasting, but for smart movement.. And those who understand the model know exactly what this phase means.
#BTCDOMINACE "Bitcoin's dominance in the crypto market is currently testing strong resistance on the weekly timeframe, which is the same area where we have seen previous reversals. If the same scenario occurs now, we may witness positive movement in alternative currencies."
The fiery diamond coin has been caught early on all platforms thanks to God. With a strong bullish reversal pattern, you can turn $2000 into $4000 within the next 25 days, God willing. The minimum target is 100%+ by the grace of the Great God.
The Round Bottom Pattern is shown, which is considered one of the positive technical patterns indicating a potential reversal of the trend from bearish to bullish in the medium to long term.
Key points in the analysis:
Round Bottom Pattern: It indicates that the price has been in a long bearish trend, then began to gradually form a round bottom, which usually signifies an accumulation phase before the bullish breakout. ā ļø A technically reliable pattern.
CHoCH (Change of Character): The point of change in price behavior has been identified, which is considered an early signal of the shift from seller dominance to buyer control. ā A previous peak has been broken, and a higher bottom has appeared.
Expected price target: The blue arrow indicates a potential rise of +80.35% towards the level of 0.07192 USDT, which is the highest resistance level in the pattern. šÆ
Buying and risk area:
From current prices these days
Or from the price of 0.0444$
Or in the case of a daily close above 0.0470$, confirming the bullish trend and forming new peaks, God willing. ā¬ļø Risk management is required
Yes, definitely my brother, especially if it returns to the entry area. It is important to stick to the goals and be prepared to lose that amount. Good luck, it is not far from the entry area.
Whoever fears Allah, He will make a way for him and provide for him from where he does not expect, and He will compensate him with better than what he was thinking. Congratulationsš
ROKIO
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Thank God brother and sister please please don't use the future trades the spot trades is the best
In the attached chart (daily timeframe), we observe:
ā A clear breakout from the downtrend line after several failed attempts.
š The price is currently above the breakout area, with an ideal confirmation candle (Retest) ā which reinforces the likelihood of continued upward movement.
š The analysis indicates that the market has entered an upward wave after breaking the downtrend.
ā You can enter after the retest; those who are afraid of missing the opportunity can enter directly, and the target is optional.
š¬ Do you think Bitcoin is really on its way to breaking 100K? Share your opinion in the comments š
š The Cup and Handle pattern is forming on Bitcoin! The image illustrates a clear formation of the "Cup and Handle" pattern, which is considered one of the strongest continuation patterns in technical analysis.
ā The Cup: Represents a long accumulation phase with a rounded bottom, which we are currently witnessing in the area shaded in blue.
The Handle: The part that comes after the cup, and a slight corrective movement is expected before the breakout.
ā The pattern indicates the possibility of breaking resistance and launching towards new targets ā perhaps towards levels of $100,000 and beyond! $BTC
š We are now at the end of the cup formation, as shown in the drawing, and we expect the handle to form soon followed by an upward movement.
From 50% to 130%, then a 360% explosion... and now, all indicators indicate that we're on the cusp of a new surge that has reached +140%!
The chart is clear, and every upward wave was preceded by a period of calm and confidence from those who understand the game!
But there's a very important point to note: Every previous surge began after a clear downtrend break! The price adhered to the downtrend line for a period, and once it was broken, the price explosion began.
This pattern has been repeated more than once, strengthening the credibility of the upcoming movement.
Dogecoin continues to prove that it's not just a meme, and with each cycle, the opportunity becomes closer and clearer.
The market can deceive, but the chart doesn't lie... So, are you ready to be one of those celebrating at Party Number 04? The decision is yours, and the opportunity is just beginning.
ā«ļø Technical Analysis: Bullish Channel Pattern on Weekly Frame
ā«ļø As shown in the image, the BTC/USDT pair has been moving within a clear bullish channel since the beginning of 2024. Currently, we are witnessing a bounce from a strong support area (BREAKER BLOCK), with the potential for continued movement within the channel towards higher levels.
ā«ļø According to the pattern, the price could target areas exceeding $125,000 if it continues to respect the bullish channel. The likely scenario indicates a gradual rise interspersed with healthy corrections before completing the upward path.
We are now at a pivotal point... will the channel hold?