https://forextraininggroup.com/wp-content/uploads/2017/12/wyckoff-trading-example.png
^^^REFER to this for a 1:1 comparison
We are currently in Distribution of the Last Wyckoff Phase, and it is following the Wyckoff distribution very visibly. Please refer to the Google image below for an example.
Price will be caught in a triangle / wedge. NOTE: This wedge shape may change, but will not differ very much from what I have drawn.
At the break from the top resistance line, it will see a very short lived pump, and then dump straight. DO NOT buy at the 40k - 40.5k mark.
Not a time to trade, if you absolutely must trade because the pockets are itching, then sell off at 40K based on current entry price of 39.2K.
Confirmation for spring close (which is where the dump happens) -> You will notice the buy volume and over all volume DECLINING as pump is reaching its peak. Refer to image.
https://forextraininggroup.com/wp-content/uploads/2017/12/wyckoff-trading-example.png
^^^REFER to this for a 1:1 comparison
We are currently in Distribution of the Last Wyckoff Phase, and it is following the Wyckoff distribution very visibly. Please refer to the Google image below for an example.
Price will be caught in a triangle / wedge. NOTE: This wedge shape may change, but will not differ very much from what I have drawn.
At the break from the top resistance line, it will see a very short lived pump, and then dump straight. DO NOT buy at the 40k - 40.5k mark.
Not a time to trade, if you absolutely must trade because the pockets are itching, then sell off at 40K based on current entry price of 39.2K.
Confirmation for spring close (which is where the dump happens) -> You will notice the buy volume and over all volume DECLINING as pump is reaching its peak. Refer to image.
https://forextraininggroup.com/wp-content/uploads/2017/12/wyckoff-trading-example.png
Comment:
The idea is happening quicker than what is drawn. You should expect a small pump for 1-3 hours, and then dump