It looks like Bitcoin is forming a Wyckoff distribution formation, immediately after an accumulation formation, and located just around the bearish trend line. Does that mean we are going to retest the lower levels before breaking out of the falling wedge on the daily? Potential short-term Short opportunity, to the support Zone with 1:4 Risk to Reward? Please...
BTC is struggling to cross above 50k. I size the time of the previous wave and found some similarities that can bring hope for the bull run to continue. There is a lot of down pressure at the moment and the price action is going down. there is a strong resistance just below 47k. I presume it will be reached very soon and let's hope it bounces hard one more...
We've had an almost textbook wickoff schematic play-out here along with a shark forming now is the time to sell!
On a lower time frame , it seems like Bitcoin is doing the same thing as at 55-65k level. Potential Wickoff accumulation mindset.
Completed shark + wick off, i've entered this (Probably to early as I didn't wait for the candlestick confirmation) If you want to wait for the candlestick confirmation before you get in but i've entered now with these targets with a super tight SL ENTRY: 77.543 TP1: 77.400 TP2: 77.000 TP3: 76.600 TP4: 76.100 SL: 77.730
USD/JPY INSTANT SELL 📉 ENTRY: 110.100 TP1: 109.900 TP2: 109.670 TP3: 109.400 TP4: 109.100 SL: 110.381 Trending down after head & shoulders completion, consolidated at the 50% fib with lower lows, rejecting with strong wicks to the downside + mini double top on the 1H.
This is the other reality for bitcoin, instead of beign acumulation maybe it is going to be a re-distibution BINANCE:BTCUSDT
This is second version with support and resistence in a few different places
IT SUCKS, CAUSE IT'S A GOING TO A LONGER TIRING BULL RUN BUT IT MAKES SENSE. TO SUM UP (SEE RELATED IDEAS) WE HAVE 2 MODELS: - HALVING CYCLE: ETH TOPS IN OCT-NOV 2021 (10-12K) --> SEE RELATED IDEAS BELOW - LENGTHENING CYCLE: ETH TOPS IN APR 2022 (14-16K) --> SEE THE CURRENT IDEA WHAT DO YOU THINK? STAY SAFE.
- USDCHF ending its phase D. - Awaiting for some SOS around the two resistance line - Once price trade above will look for buy entry on lower timeframes.
Second wave after first UT, given the second SOW price might not able to form another UTAD. Entry at previous swing high on M5 and confirmed by H1 in-balance candle.
#GOLD price movement for @ 25nov-27Nov still impulsive overnight. just stuck in the RBR area. because there is a daily and weekly divergence. does not rule out the possibility of retrace higher before falling again. next week target of at least 500 pips = $ 500- $ 5000 -Short-Term: Bullish -Long-Term: Bearish
We may be a little late to the party on this one but I may consider placing a sell limit from the lower time frame order block I have found. What you witnessed was clear manipulation, firstly we saw price drive to the upside gathering liquidity from the resistance sellers, only to convince retail that price was proceeding to the upside, a strong manipulation wick...
We managed to pull off an amazing stunt last week with that lovely wick entry on GJ, we are now looking for more potential buying opportunities. I have marked out a zone in which I think price will tap into before continuing to the upside, you may want to consider setting some orders at that region if it fits your analysis. GBP is proving to be very tough to...