This is my first public post on here and probably the most important one ever for my crypto career haha jk. Just a theory from what I've learnt so far - a lot of indicators confluence right here to sell stating the market is overbought temporarily. MAINLY, BTC seems to be closely mirroring the Wyckoff pattern, all news and upcoming events (earnings etc) included....
Just a simple example of Top Of The Range Imbalance! SMART MONEY CONCEPTS ! I WILL BE POSTING MORE
There is some ample evidence fundamentally as well as technically why Bitcoin is possibly entering Wyckoff Accumulation period. There is also many other indicators saying the bottom may be in. Now this could change if the fed drastically does some more QT but so far a decent bull trap at a min is setting up.
I feel that TSLA is in or heading into correction. $214 pullback, continue or correction. Original Thesis was $234-$238 Correction zone with Pullbacks and gap fills before big Correction. This would also be a great BullTrap so that Wall-street can bank on the $200 Call Options this week. *TSLA is STRONG, The Markets have been Rallying but there are Warning signs...
If you look at the recent accumulation phase, you can see that we are now in Phase D. Today we had the “test”, where we seen a sudden dump followed by fast pump. This should signal that we are ready to move up. The Elliott Wave was followed almost perfectly. Towards point A there was 1,3,5 impulse and at the time of writing this we completed ABC correction. If all...
Hi there. I'm not pretending I know what will come next and I'm not a trader. But also am quite confident that the human psychology hasn't changed since the latest bullrun when the Wyckoff accumulation-distribution cycle played out perfectly with a textbook chart of Bitcoin and crypto market. I know a lot of respected traders have been saying 'the macro bottom...
Need to test 98-99 for support before continuing to 120s. Short it Feb 17 expiry
CLear wyckoff reaccumulation seen on 5min tf but tradingview cannot allow me to publish on low tf. RR: 1:10 -Charts detailed above including my entry, RALLY-BASE-RALLY Supply and demand with confirmation from wyckoff perspective. :)
Like some other #altcoins #HEXUSDC appears to be showing a #Wyckoff accumulation pattern not textbook , but a very good guide as to what has occurred during this #bear market could we have CPI dump today , quite possible but I am favouring a lower CP LIE and grounds for continuation in the #stock market
The triple top on the golden fib marks the LPSY. We might see a pierce through the 1k Golden fib without barely resistance and come back to retest it as resistance. First Major stop at 600~. Major Bottom at 400¬
A potential BTC distribution is playing out, according to Wyckoff Schematic #1. Nothing obviously is 100% in (especially in crypto), but the resemblance is uncanny. This relief rally IMO has been unsustainable, so such an outcome shouldn't come as that big of a surprise. I realize this is a 2-hour chart but let's see how it plays out!
Just Wyckoff and a couple of patterns to support my bias on GU. In Wyckoff, whether it is a distribution or accumulation phase, it will still make that move up. (On the flip case, it will still make an AR) Major news for the pound and dollar coming in tomorrow night! It's amazing how we can rationalize our bias. Let's see what will happen tomorrow!
This study is based on Wyckoff’s accumulation second model.
- BTC in key support zone - Psychologically in the Anger area, possible new pump to look for the 25k , and then keep falling. If it loses the current support it could start a downtrend. - According to Wyckoff's theory, we are in phase B where the price can still fall, breaking the following supports to look for even lower minimum prices of 15,000 I will follow...
This is a wyckoff accumulation study for bitcoin for the duration of 2023.
I believe tesla is entering a redistribution patter, pure wyckoff style. Dreamland for swing traders.
Hey crew, forgive my radio silence here, coding up a storm and generally strapped for time but let's do a quick breakdown on this beauty eh? As I've repeatedly stated, XRP ALWAYS pumps before a dump. Here are some key points : XRP, similar to staked tokens has a massive escrow and when they release tokens, there's usually a distribution pattern shortly...
I'll be watching this for tomorrow. We need the break to happen in order to confirm the redistribution schematic.