Volume Spread Analysis VSA

Follow my VSA based trade analysis of Bitcoin (BTCUSDT)

Current Signal: Long at 7296 12:04 EST

Telegram VSA Group: https://t.me/VSABTC

Telegram VSA Group: https://t.me/VSABTC

Strength coming into this down move within these boxes, ultimately strong support is at 6950 but it looks less likely price will go that far down:

I made an indicator in Tradingview to recognize climatic up and down bars including when their vol is very high and when the subsequent bar is in the opposite direction of the climactic move.

Telegram VSA Group: https://t.me/VSABTC

Telegram VSA Group: https://t.me/VSABTC

Breakout in progress and a subsequent LPS likely to follow in BTC after re-accumulation:

I just read through your whitepaper on VSA and Wyckoff - link can be found on ForexFlash's website or searching on the paper's title. I think you described 3/4 of the system well enough for others to reproduce your analysis.

Paper is named: Wyckoff and Volume Spread Analysis Climactic Price Action Algorithmically Applied to the Cryptocurrency Market.

Thanks for your contribution.

Clear Path to 17000 - Unobstructed Buying

Break of 15800 Resistance Imminent, next stop is 16440

Today's close completes a reversal on the Daily which is a powerful signal and reconfirms the move up to 17000

New breakout up in BTC looks likely from 16280 to 17000

The inability of price to break the 18900 level suggests a sharp move back down to at least 18000 is likely

If 18000 doesn't hold the next stop is 17k

Waiting for Last Point of Support in BTC

Once price retraces to the top of the accumulation zone (LPS) and the test confirmation is successful BTC should bounce to 20000

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

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 current price to that level

We welcome feedback

This is very good place to go short. The stark language from Powell last Friday signals the Fed is dedicated to raising rates which immediately makes diversifying in Crypto untenably risky for institutional investors.

The recent correlation between BTC and the traditional markets is clear - BTC will drop from here.

The most recent 12hr BTC bar closed on its lows with an average bar size and average volume which suggests there is no hidden buying. Institutional investors are simply selling to get out of the market.

Breaking 18k is now an inevitability and so is 17k imo. If 17k is broken 16k will not hold as it is even weaker support. After that the next major support is 12k.

Telegram VSA and Wyckoff Group: https://t.me/VSABTC

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 news in the wake of FTX's collapse, resulted in a failed breakout to the downside.

Note the bar range differences in the sideways market after the November failed breakout and after March's breakout.