Here is an image of Wyckoff's Distribution Schematic: https://i.imgur.com/nOJl0Dd.png
Do NOT assume the price action must follow the exact same movement as depicted within the schematic. That schematic is simply to provide an example of events and phases within the schematic.
Here is a link to a BASIC tutorial on Wyckoff's rules and a few schematics: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method
I know I haven't posted new publications or updated much on my other publications. My apologies... I have a LOT going on with my mining room currently.
The purpose of this publication was simply to update followers on where we are currently located within the Wyckoff Distribution Schematic.
Also, DO NOT ASSUME we must fall into a Phase E in this schematic. Whether or not we fall into a Phase E depends on a number of factors. Such as supply, demand, geopolitics, news, , etc...
Here is an explanation within a publication on what I intend to convey about Phase E not necessary to complete a Distribution Schematic:
With this current consolidation move occurring so soon before January 1 (New tax year), I can see the "potential" for another run up is there but not certain of this yet.
Odds are, Composite Groups are waiting on the CME Futures market to open to get involved. Why? Cause they can place margin bets on CME and trade on the exchanges to their advantage on CME.
CME will be in BIG TROUBLE if they do not allow Futures trading on Bitcoin 24/7/365. It's like they are setting up themselves AND investors to be RECKED. No? Cause all it would take is a Composite Group(s) to trade on margin for $1,000,000 or a bit more; move the market to their advantage over the weekend then close their position that Monday and cash out for HUGE PROFITS. This could potentially bankrupt the CME. Chicago Mercantile Exchange; for those who didn't know.
So, with those thoughts in mind, I can see Bitcoin continuing sideways or move again upside TODAY just before the CME opens bitcoin futures trading on Monday. Thoughts anyone???
Watch this short video in regards to Andreas' opinion on CME Bitcoin Futures. He was one of three advisers to the CME regarding Bitcoin Futures: https://www.youtube.com/watch?v=ZUiMJ9iy7to
More than likely, our ATH was already established and no more new ATH will be attempted until after our MAJOR consolidation event that I believe will begin Dec. 23 to 25 range.
360m, 720m 1440m:
360m full screen; Rising wedge a possibility as well:
When we have a dump after a Wyckoff Spring it's implemented by stair stepping down. WHY? One reason is so they can get a premium on their coins while taking it down.
When we come to create a step in the stairs on the way down, the purpose of the step is to create a PAUSE in the trading by pumping it up just a bit to make new, smaller retail traders believe the dump is over and it's safe to get in. The composite groups want people to think this so the buy orders can fill up to their liking before they dump into those buy orders once again and take it even further down to their objective price.
So, the purpose of the pause each time on the way down is to encourage people to get back in to get the BUY order books to their liking in order to dump into them again for premium profits.
Sure, you're welcome...
Sure... You're welcome... My opinion only. Do my best...
Yes sir. You're welcome... Certainly agree!!!