This is my bias for today. I am waiting for 8:30 AM Non-Farm Employment Change news, no trade until there. I will look for a distribution formation on lower timeframe (5min) and than look for entries
Target achieved. Looking for dollar to react off the fair value gap and reprice lower into the marked area. Looking for at least 50% retrace on the bullish range.
Yes we know we are very low in the leg, but if we look back at how price has been moving this whole week there has been no pullbacks into premium prices really, so adapt with the market, flow like water and lets get a short
Look at the similarities between both wyckoff accumulations.
The only thing that scares me is that all of crypto twitter expects this. crypto twitter might not be the best indicator, but media is a part of how the fear & greed index is messured so i think it's worth mentioning.
What i mean is that, if everyone expects it to drop towards $40,5k one last time,...
Hi!
As my first ever post on TW I would like to share an update to the prediction of the BTC price movement in the short-mid term using the wyckoff method.
At first I will be showing you a drawing of the current BTC graph with the wyckoff theory visualised on top.
Then I will show two images, At first, "The accumulation #1 schematic", followed by a list of terms...
Wow 8 quality trades in a week and all pretty good execution. Nice. This another well executed trade I actually got in far below my desired entry making the SL smaller but used the originally planned risk. Gonna be cool to see how profitable this trade is if it does go my way. Id like to stop trading for the week but if another beautiful opportunity arises I will...
MY ANALYSIS > SRT , PRICE ACTION , INSTITUTIONAL ORDER BLOCKS AND FIB RETRACEMENT
MY PRICE PREDICTION FOR GBPNZD IS 2.00000 (LONG TERM BUY IDEA)
CURRENT MARKET IS IN A UPTREND MOVE SINCE DECEMBER 2020
GREEN DOWN ARROWS INDICATE POTENTIAL SELL OPPORTUNITIES.
RED UP ARROWS INDICATE POTENTIAL BUY OPPORTUNITIES.
DOUBLE TOP FORMED AT 1.98155
POTENTIAL BUY...
Top down analysis,, over all trend is bearish but price are on strongly institutional level,, (reject block) so i am looking for retracement on monthly ob+FVG ... looking for sessional tendency of usd is bullish till February
You will notice that I have identified a mitigation candle, this shows that price has come back and retested that 'mitigation zone'. I believe this to be a long term buy for this instrument. Lets watch and see.
- Essentially EC has a long retracement to make and the market is in a severely over sold condition.
- So I believe these EQL's being spiked and price reversing to the upside sharply is sign of a sponsorship candle I believe price would return to so the level can be satisfied.
- There is also a divergence is price, current price action's trend doesn't correlate...
![BTCUSDT: [WYCKOFF] Upside to BTC?](https://s3.tradingview.com/x/XK8Pwqhu_mid.png "[WYCKOFF] Upside to BTC?")
