Previously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. Interestingly, the last 3 transitions from Wyckoff re-distribution Phase E to Phase A were similar. In all 3 cases, we observed a climatic level of volume. In all 3 cases, we observed sell bars with a large spread. The percent change in price for...
Just a simple chart showing the potential schematic that BTC is following at the moment. We might see one final push to the 42K levels before heading straight down to 30K levels.
Is price accumulating or redistributing?
Price is moving within this range?
Where to next?
I’m inclined to believe A is the higher chance of of probabilities
I haven’t even checked but it looks like price is waiting for news catalyst to make a dramatic move, either way.
Pay attention to 4 hour candle closes
Bitcoin has been consolidating inside of a range since the beginning of 2022. This range is showing obvious signs of a distribution phase (manipulated highs/higher highs).
Right now it seems like there are equal lows at around 37k ready to be wiped for liquidity. There is also a daily supply zone at 46-48k which I think price is very likely to tap for one more...
The purpose of this idea is to give beginner analysists a introduction to some key principles and methodology used in understanding the movement of price within markets. One of those key principles is Market Phases, and we also use the Wyckoff Method to help us understand these Market Phases further....
EURUSD - Potential Bat forming, I see bullish momentum with liquidity above, I want to see a bullish push (Take out LQ and fill some imbalance before then breaking the lows giving us a re-distribution and for price to then head towards the D point which has a very strong PRZ)
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the...
As you can see, we are once again testing the resistance these days.
Exactly as the wyckoffian scheme shows us. But make no mistake.
51.5K means no breakout, and the model is now broken.
From 55k on multiple timeframes a confirmation I consider as invalidation level for this Wyckoffian scheme.
So the moment of truth.
Are we going to follow this schedule as we...
#ETH showing potential signs of Institutional Absorption here.
By using Wyckoff Method of Analysis we can try and predict the direction of sideways movements by using identification characteristics on the Wyckoff Schematics.
They are to be used as a general guide and paired with volume for a sound analysis of a probable direction.
Read below for some intro...
So this is the re distribution phase coming to a close with a type 2 schematic a classic head and shoulders and we ever had a spring on the 15M. I am looking to see a move to 47k maybe 46,600 and possibly a retest of 42K.
GBPAUD - Looking for a a break in momentum and a redistribution phase back at the daily low, if this breaks ill be looking to swing this short towards the D points of the Bat/Shark (Monthly low)
Monthly is bullish so I don't expect price to close below.
LMK your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial...
It is still a bit too early to say, but i just want to think ahead of a crowd. If we hold 55.4k we could be heading into a 2nd wyckoff redistribution phase from where we eventually break down into a bear market. Like last time It is a chance that many will predict breakup into new highs, which in reality we will probably not see for many years to come. Don't get...
Hi Traders,
Above I have done a video showing my thoughts around gold and a possible opportunity that lies within.
Please let me know your thoughts in the comment section below as well as check out further below for more details.
Have a great weekend.
TH from RT-Trading.
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...
Potential Bearish Harmonic Bat Pattern, along with Wyckoff redistribution on DXY. I see one last push but it most likely will be short lived. Time to start recalculating blue chip stocks, Bitcoin (cryptos), Gold, Silver and hodl. It may be a hell of ride. Time will tell
Hello my beauties.
It seems to me that EUR/JPY is in a phase of redistribution.
The arrows indicate a rough idea of what I think the price action will provide us with, and they are not to be taken as an accurate forecast of what I think will happen.
Remember I'm not suggesting you should take a position, but verify the idea and monitor price in the indicated...
As promised here i have the confluence on this exact level.
- Weekly level
- CC fibonacci .66-.618
- POC of the range
- 1.618 Fib extension
-1/1 Fib extension
-1.414 fib extension
- Daily level ( Not marked )
- Market structure Level ( Not market )
SMASH THAT LIKE BUTTON!
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that is thunderboy21 signing out!
