OnlyProfits888

OnlyProfits888 Updated 

The Bitcoin run could be coming to a halt here soon. Looks like distribution could be in play. All targets have been reached from the 3 Poor Performing Patterns idea. There is still one target that has not been hit which is the target from the right angled descending broadening wedge in my BTCUSDT Redistribution idea. In the current pattern The UTAD looks like...

OnlyProfits888 Updated 

Greetings! I made previous post about how to identify distribution using the Wyckoff Method. Since I am seeing a possible redistribution pattern playing out, I thought I'd follow up with how to identify redistribution as well. In redistribution, market participants who accumulated assets during the previous uptrend begin to distribute their holdings, leading to a...

OnlyProfits888 Updated 

I have identified 3 patterns that could potentially be bullish. The the flip side is that they are poor performing. Meaning that once they breakout, the potential for them to be catalyst for a continued move up is not that great. This is based off the information published on thepatternsite.com, which I will post links for below. The targets are calculated from...

OnlyProfits888

Hopefully I am right, or this idea will be a total waste. This is a redo of my previous Wyckoff distribution idea. I thought I'd also share some information on how to identify distribution using the Wyckoff method. Hopefully this can be useful to those who are interested in using Wyckoff in their trading strategies. While it is a little tricky, I think it is a...

OnlyProfits888 Updated 

Possible distribution playing out in a larger distribution pattern. Little bit of a risky play but I think if price can hold above $27,666 there could be a fast move up soon to complete the UTAD (Upthrust after distribution).

OnlyProfits888 Updated 

I am seeing an accumulation pattern forming. Volume looks good for accumulation as there was a high volume selling climax, rallies into resistance a have good volume and not selling off, and there are good bounces at support level. Springs don't always happen though.

OnlyProfits888

I am looking for a potential test to the upside during the Euro/London Session. Overall I think this could be a distribution pattern playing out.

OnlyProfits888

I am looking for the pair to have one last push up to complete the mark-up phase. I have entered a short scalp from at $134.666 and plan to close out when price reaches my buy zone.

OnlyProfits888 Updated 

Overall I am expecting more bearish movement from EURUSD, as it looks like the pair is in a markdown phase. The correction is still in play so I am looking to possibly buy if price drops and gets a good bounce from the bottom of the channel.

OnlyProfits888

Just a little scalp play here that may play out. Looks like redistribution. Price usually likes to find support over the weekend. $21,888-21,777 is my guess, so I'll take profit there.

OnlyProfits888 Updated 

A redo of my accumulation idea on a larger time frame. Entering short scalp here and looking for a possible spring to complete accumulation.

OnlyProfits888 Updated 

We've got RSI hidden bullish divergence on the 1 hour, which typically means a pump and dump coming. I think price could move up from this area so I am entering a long scalp. However, this move could possibly be the buying climax setting up for a distribution pattern. The buying climax could also have already happened, so price could also move down from this area,...

OnlyProfits888

Based on the information provided on the chart, I believe bitcoin could be re-accumulating and getting ready to make a move up after the recent drop, which I believe was manipulation and a liquidity grab. Entering a long from this area.

OnlyProfits888

Looks like the pair may have found a bottom, and I am waiting to see if accumulation plays out. The Euro/London session make do a typical stop hunt rise and make a big move up. Unfortunately I entered a trade way to early without a stop loss, and now waiting in a large loss :( hopefully this plays out.

OnlyProfits888 Updated 

Looks like BTCUSDT is working on a potential spring which would negate my previous idea as this being redistribution. Looking for a short scalp here until price falls into the demand zone.

OnlyProfits888 Updated 

I have taken profits on my previous trade and I am shorting here for a quick scalp. If price finds support at 135.212 I will enter long and look to take profit at my targets. There is also potential for large spring, which would be another good opportunity to buy.

OnlyProfits888 Updated 

Looks like redistribution with the weak rallies, surges into resistance and high volume/sharp sell offs. Overall I think this is happening in a larger reaccumulation pattern, so look out for a possible quick bounce up if prices breaks below $22,666.

OnlyProfits888

Short-term bullish. Looking for the pair to be overbought and break above upper resistance line, then I will be looking to enter short.