Wyckoff Distribution Schematic Update: Pasted in Comments again

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Those who have followed me a while know I have to copy and paste my chart AGAIN in comments for easier viewing and reading. So, here it is again.


Here is an image of Wyckoff's Distribution Schematic:

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:

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, fundamental analysis , etc...

Here is an explanation within a publication on what I intend to convey about Phase E not necessary to complete a Distribution Schematic:
Comment: The Wyckoff Distribution Schematic I linked you to would have you believe the price action might flow in this fashion depicted here in the following chart. Do not assume it will play out exactly like that. The purpose of my publication was to show our current progress within the schematic to inform you to please be careful.

Comment: Yes, there's a "possibility" for a double top over the next several days with the 2nd top "slightly" higher than the previous at $16,666.66. It's not guaranteed but "possible."


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:
Comment: 1D (1440), 2D & 3D: Looks like we could potentially drop some soon. However, this is NOT the MAJOR consolidation event of 30 to 35 percent drop yet. I can see us going down a bit to test demand and see how much that demand pushes us back up once again. This will create a head and shoulders pattern.

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:

Comment: I'm waiting to see what this current dip we may be working on to complete to have a better picture. Will know more soon...
Comment: The Daily is beginning to look bullish to me. I know this may sound crazy but it looks like we could potentially go to a range of $19,119 to $23,533.33. It's possible we could go higher than $23,533.33. Maybe as high as $28,532.


Comment: I've kept this to myself for quite a while. This is simply my opinion and I wish I had posted it sooner at $19,666 on Stamp:

Comment: I persoanlly believe we are witnessing a slow bleed. Yes, I could be wrong. I'm simply sharing my opinion.
Comment: We have continued down this channel inside this pitchfork without success of rejecting it to the upside. Which means the 0.618 FIB RT is still in play. This still appears to be a slow bleed.

Comment: Looks like we might have one more move to the upside in store to carry out our TEST inside Phase C for the UTAD (Up Thrust After Distribution) before falling into Phase D of Wyckoff's Distribution Schematic.

Comment: A comment for those new to the space:

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.
Comment: A depiction of the stair stepping on the way down:

Comment: The times where you see it come up even higher within a step was because of lack of confidence to get in with buy orders. So, they give it a bump up a bit higher to encourage the buy orders to come in so they can dump into them once the orders FINALLY get to their liking.
Thumbs up for sure, thank you

Sure, you're welcome...
thanks @ProwdClown, this is great!
ProwdClown PRO MoonPickle

Sure... You're welcome... My opinion only. Do my best...
+1 Reply
Interesting and useful!


Thumbs Up!!!
Thanks for that video a must view by all traders imo!

Yes sir. You're welcome... Certainly agree!!!
Very useful and informative, I am educating people on using charts and this is my new current example thanks so much!
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