Just an update following the developments of the past few days:
Looks like it's on track.
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Well we've seen a green candle today. But still within the bounds of error for the resistance line. Here I've added a dotted line to highlight the resistance across the upper wicks of the green candles within this trading range.
If it is going to fall, we are knocking on the door. It will either break upwards and rally hard, or Mr. Wyckoff will be right and Goldman Sachs are running the show now.
@IJzebrand this recent peak is still a lower low, so yes, I think so. But if it is, it confirms price manipulation, and therefore anything could happen.
Thank you so much for the insight. June 4th will determine how true the Wyckoff distribution definitely works. So far, historically it looks like he is correct. Where can I go on Trading View to use Wyckoff as an overlay for other crypto's?
Crypto-Swing
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@irishcav104 sorry I missed your comment. Thank you for the kind words. I don’t believe there is an indicator tool for Wyckoff. It’s more of an observation of patterns of accumulation and distribution.
irishcav104
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@Crypto-Swing, Okay. Thank you for responding. So...in the meantime, I will just follow your work/insight.
TRADiNG_hub
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Nice Explain Everything in details.... Thanks for sharing beautiful Trade Setup 😋