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CharterX
Aug 29, 2020 1:24 PM

20200828 XBTEUR Short Setup Short

Bitcoin / EuroKraken

Description

Hello everyone,

So here i describe the phases of a Wyckoff Distribution phase at 4HS.

Looks like we are standing on SOW, so whatch out!

Hope this helps you out!

Cheers!

-CharterX

Comment

Hello,

Here it is a cleaner version without all the noise!

Cheers!

-CharterX

Comment

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In other words, if Price goes below SOW, this could go down hard. Here's extra info.



Cheers!

-CharterX

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Idea Discarted, it seems uptrend is going to continue!

BTW:



There are some similarities in movement. Time to see what is really going on!

Cheers!

-CharterX

Comment

So at the end:



Cheers!

-CharterX
Comments
catalinmoraru82
@CharterX How can you read that chart? You can't even see the candles anymore. You sure used all indicators available? :). Don't want to offend anyone but damn, these charts are something. Would love too see your point reflected in the chart
CharterX
@catalinmoraru82, My bad, always forget that most people cant understand my graphics jaja lol... in any case... here is a cleaner update... The idea is that we are probably at end of a Wyckoff Distribution Schematic.. still waiting confirmation but, if price goes below SOW this will go down hard... This is just 4HS though, so thats why needs confirmation cause usually Wyckoff applies on 1D Chart... Cheers! :)
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