Mini potential H&S, if neckline breaks....
I think price will tap the .816 or the .786, fill the imbalance maybe tap the 50 EMA then continue on the downtrend towards the D point of the Crab, i'm not trading this one though until I have more confirmation.
There is a schematic forming on the lower TF at current price, LTF is bullish.
Shark in Shark! Price is bullish on the LTF and we have multiple BOS, I think price will drop to the 200 EMA (Blue) on the 1H, Before continuing to rise to the first D point of the smaller shark just below the the weekly high!
I also posted a schematic on the LTF the other day on Gold, go check it out! Let me know your thoughts!
Whats your thoughts?
I've been analyzing BTC constantly since the drop in May. We're currently in a parallel channel and the question is what direction will BTC take when we get out of this channel. One such direction is a near perfect fit between the current trend and the Wyckoff Accumulation Schematic #1 .
ChartSchool has a tutorial on The Wyckoff Method if you want to learn more:...
Currently BTC appears to be travelling through phase B of the Wyckoff accumulation schematic. I did not pick up on this myself but thought I would share the chart with you. If this is true then we can expect plenty of sideways action and finally a breakout to the upside.
To find out more about the Wyckoff schematic please check this link.
Here I am exploring the Wyckoff Accumulation Schematics #1 or #2 and the market manipulation we are all feeling, with recent rejections from inverse head and shoulders patterns and institutional buying increasing are strong signs we are now in this schematic.
Phase A played out beautifully with a Selling Climax at the bottom of the trading range and an Automatic...
Update to the Wyckoff Distribution Schematic #2 first brought to my attention by YouTuber "Uncomplication". This pattern is market manipulation by the "Composite Man". As we move into Phase E, see below regarding when to short
Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major...
This is just an overall weekly bias on what i see the DXY, and UCAD doing for the following months. This has no news backing behind it or anything of that sort. I simply came up with this idea solely through reading the market.
We've had the weekly distribution schematic happening perfectly so far, now marking this up again I'll like to see the 2nd LPSY be made for our 1000 pip entry move to the downside which adds confluence of our GBP based pairs heading to the upside long term heading into the first few months of 2020. From that point on I expect EUR to then start to rise begging a...
Wyckoff schematic 3 BTC - USD
I'm trained as a hardsurface modeller. I have a tendency to remember anything graphical better then the average chartist. That doesn't imply that I have a full understanding what I'm looking at.
Your comments are welcome.