Doge: Wyckoff Redistribution Range Short

Dogecoin / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Sep 22, 2021 12:18 PM

If Doge rejects here its a clear example of Redistribution..

Notice how well price respects the upper trading range.

Only if DOGE gets back above 0.22 cents mark or so with STRONG buying volume can this bearish pattern be considered invalid.

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My redistribution is based on the characteristics of Distribution found here;
school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffdistribution2.png

Let us remember that Wyckoff is not a CHART PATTERN, it is a METHOD OF TRADING RANGES that can be APPLIED TO ANY RANGE.

That means characteristics of Accumulation can be found in Reaccumulation, and vice versa with characteristics of Distribution found in Redistribution.

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Thank you traders, Take Caution & Goodluck out there!

Comment

⋅ Sep 26, 2021 4:46 AM

I was a bit early on this, But it still looks quite similar to classic Wyckoff Redistribution.

Comment

⋅ Sep 28, 2021 4:49 PM

Still showing weakness here

Comments

Stokanty

⋅ Sep 22, 2021 9:34 PM

Invalid

Worth_The_Ri5k

⋅ Sep 26, 2021 4:46 AM

I was a bit early on this, But it still looks quite similar to classic Wyckoff Redistribution.

Andy1GP

⋅ Sep 22, 2021 1:43 PM

Finally the money can move into something more worthy ))