Just an idea of a book trade for wyckoff accumulation schematics #1. If global economy goes down in 2023, we will see the final spring for basically all stock markets, including the chinese one.
Solana after bringing us a Weekly Double MACD Bullish Divergence Below Support has managed to Spring Back into the Major Support Zone that is confluent with a 1.618 Bullish Shark and is now Preparing to Bullishly Engulf the previous weekly candle in an attempt to hook on to the zone. This can lead to us confirming the Old Support Zone as Support Again where we...
AUDCAD rose to the first resistance due to a false break to support the average and is expected to rise more
Filecoin is attempting to confirm a backtest of spring in the form of a Break-Hook and Go while Bullishly Engulfing and holding Above the 200 Day Simple Moving Average. If this holds up i think it will be able to rise to The Fibonacci Extensions of the 1.618 and if lucky, the 2.618
The NZDCHF on the High Timeframes is trying to confirm an old Support it originally lost, as new Support again while showing Hidden Bullish Divergence on the MACD and it looks like price will be Challenging a Supply Line very soon which it will probably break above.
AKROUSD is Bullishly Diverging on the MACD and RSI as tje PCZ of a Bullish Butterfly while also trading within a Falling Wedge and Backtesting a Potential Spring.
Looks like high probability that the gold bottom is in
Hi dear community and my loyal followers. As you know actual CPI data released 7.1% but had expected 7.3% so both stock and crypto market reacted the news positively and pumped making the market green. If you check my previous analysis about BTC short term update, You can see that I warned you about it, tweeted about new updates how I closed my short position at...
are we in at the accumulation phase and did we already had the 'spring' ? What do you think? school.stockcharts.com
LTC/BTC have traded against eachother within this huge range since the beginning and this range has always been well respected and now we are on the lower end of the range and have broken out of a Falling Wedge and are now Piercing back within the support zone we very much needed to stay above and now could be looking for a retrace back to the upper end of the...
I've posted my first accumulation idea here back in August 22nd And it seems to have played out nicely. Excited to see where this goes as I see this as an accumulation phase of a lifetime. We'll potentially reach the bottom within the next few weeks/months and this seems like a great time to accumulate BTC. If Tether shows itself to be the next falling knife,...
Chart speaks for itself but for further added context it should be noted that this here is the full chart:
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No one knows what will happen, but so far this is textbook accumulation pattern according to Wyckoff. Spring next??
BTC observing a potential spring on the daily timeframe. A spring is a deviation below/above to take out liquidity and rapidly reverses the other direction, typically marking a significant shift. What do you think - spring or is this headed lower this week? V
The fiber is trading in a range and we can notice an upthrust and apossible spring, we still cannot confirm that the low of today is the real spring, in fact if we trade in a conservative way we might wait other confirmations before thinking about opening a long trade, if you are more aggressive you might open a buy with tp and sl as highlighted on the chart...
Here's something I've been playing around with. The idea is that we're potentially almost at the end of an unusually short Wyckoff accumulation period. Coincidentally, then the spring would fit well with the time of the ETH merge. The merge could mean there's a lot of people that's playing the "buy the rumor, sell the news" game - potentially meaning a lot of...
THE CABLE 15 min chart analisys: We can notice a possible accumulation range, we notice that the volumes are not high when the price reaches the resistance line and this means that the interest in selling is shrinking. Now we should follow the price action, price could: 1 retest the support line and create another stronger spring (not likely) 2 moving up...